Coinbase Receives Bad News Today

The SEC just constrained digital money trade rival Kraken to close down its U.S. marking administration and pay a $30 million fine.

The U.S. Assurances and Exchange Commission said on Feb. 9 that it settled with Kraken, with the computerized cash exchange consenting to pay a $30 million fine.

Kraken is one of the fundamental stages on which financial backers can exchange the U.S. can trade digital currencies,

"To settle the SEC's charges, the two Kraken substances assented to rapidly quit offering or selling insurances through crypto asset checking

organizations or stamping ventures and pay $30 million in regurgitating, prejudgment interest, and normal disciplines," the public authority association said.

The SEC declared that Kraken's checking organization was an unlawful proposal of insurances. Kraken settled the case without surrendering or denying awful way of behaving.

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