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SEC Fines Poloniex $10 Million for Operating Unregistered Cryptocurrency Exchange

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

The U.S. Securities and Exchange Commission (SEC) has charged Poloniex with operating an unregistered cryptocurrency exchange. Poloniex has agreed to a cease-and-desist order and to pay $10.34 million. SEC Hits Poloniex With Cease-and-Desist Order, Penalties The SEC announced Monday that “Poloniex LLC has agreed to pay more than $10 million to settle charges for operating an unregistered online digital asset exchange.” From July 2017 through November 2019, Poloniex “facilitated buying and selling of digital asset securities.” The SEC explained that the platform was available to U.S. investors but “Poloniex did…

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