BIT Mining (BTCM) has released an update.
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BIT Mining Limited has reached a deferred prosecution agreement with the U.S. Department of Justice and consented to a cease-and-desist order from the U.S. Securities and Exchange Commission regarding an investigation linked to a potential casino project in Japan. The company will pay a $10 million penalty, enhance its compliance programs, and report annually on remediation efforts, potentially avoiding further prosecution. This resolution marks a significant step in fortifying BIT Mining’s adherence to financial regulations and anti-corruption laws.
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