Genesis has reached a settlement with the New York Department of Financial Services, agreeing to give up its cryptocurrency license and pay a fine of 8 million dollars
According to Fortune Crypto, Genesis has reached a settlement with the New York Department of Financial Services (NYDFS), which will result in the confiscation of its cryptocurrency license "BitLicense" and payment of an $8 million fine, as well as the cessation of its operations in New York.
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