Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: okbit on May 16, 2015, 04:16:15 PM



Title: The regulators are coming! Ripple fined $700,000!
Post by: okbit on May 16, 2015, 04:16:15 PM
The Financial Crimes Enforcement Network (FinCEN) has fined Ripple Labs and its subsidiary XRP II a combined $700,000 for "willful violations" of the Bank Secrecy Act (BSA).

http://www.coindesk.com/fincen-fines-ripple-labs-700000-bank-secrecy-act/


Title: Re: The regulators are coming! Ripple fined $700,000!
Post by: bathrobehero on May 16, 2015, 04:56:08 PM
After I first read about Ripple, I stopped reading when I saw that Ripple Labs is a company registered in the US.