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Robinhood's Crypto Unit Faces $10M Penalty Over Money Laundering Violations

source-logo  coingape.com  + 5 more 07 July 2021 14:15, UTC

“Robinhood Crypto” the cryptocurrency brokerage unit of trading app Robinhood is facing a $10 Million penalty by New York regulators. Robinhood Crypto is penalized for allegedly violating state rules on cybersecurity and anti-money laundering.

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