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BitMEX pleads guilty to AML charges as CFTC’s Behnam says crypto needs a regulator

Image of Ethereum coin in red light.
Photo: Yuriko Nakao/Getty Images

BitMEX pleads guilty to BSA/AML charges and CFTC’s Behnam points out that regulatory oversight could only help patrol the sector.

Cryptocurrency exchange BitMEX has pleaded guilty to a US criminal charge of violating the Bank Secrecy Act (BSA), according to an announcement from the US Department of Justice (DOJ).

According to newly published court documents, the Seychelles-based crypto exchange willfully failed to set up an adequate know-your-customer (KYC) and anti-money-laundering