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Weekly Roundup: New York Yanks BitLicense, Tornado Cash Still in Business, and More

New York's Department of Financial Services imposed an $8 million penalty against Genesis Global Trading for violating anti-money laundering and cybersecurity requirements, prompting the cryptocurrency exchange to surrender its BitLicense and close shop. More and More Cryptocurrency mixing service Tornado Cash managed to launder more than $500 million in 2023 despite the imposition of U.S. sanctions against the platform in 2022, Crypto News reported. More Colombian authorities charged President Gustavo Petro's son with funneling $102,000 he received from drug trafficker Santander Lopesierra into his father's election campaign and towards luxury purchases, Barron's reported. More The U.S. Financial Crimes Enforcement Network...

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