Coinbase Will Pay $50M Fine to New York Regulator to Settle Background Check Charges

„Today Coinbase and NYDFS have come to an agreement to settle a NYDFS investigation, disclosed in our 2021 annual 10K filing, into our historical compliance program,“ wrote Paul Grewal, Coinbase’s Chief Legal Officer, in an email to CoinDesk. „Coinbase has taken substantial measures to address these historical shortcomings and remains committed to being a leader and role model in the crypto space, including partnering with regulators when it comes to compliance.“