Cryptocurrency Q&A
What was the penalty for Robinhood crypto?
What was the penalty for Robinhood crypto?
HanbokGlamourQueen
Wed Nov 27 2024
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6 answers
1186
I heard that Robinhood crypto faced some penalties recently. I want to know what exactly the penalty was for Robinhood's crypto business.
6 answers
Elena
Fri Nov 29 2024
Harris made an announcement today regarding Robinhood Crypto, LLC.
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Elena
Fri Nov 29 2024
The company will be paying a penalty of $30 million to the state of New York.
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amelia_miller_designer
Fri Nov 29 2024
This penalty stems from significant failures in various areas.
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CryptoLordGuard
Thu Nov 28 2024
These failures include bank secrecy act/anti-money laundering obligations and cybersecurity.
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noah_harrison_philosopher
Thu Nov 28 2024
Due to these breaches, Robinhood Crypto violated the Virtual Currency Regulation (23 NYCRR Part 200) of the Department.
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