US law enforcement is running out of patience with individuals in the crypto industry that ignores Know your Customer (KYC) requirements. ADAM COLIN TODD, who operated an unlicensed digital futures exchange known as DIGITEX FUTURES EXCHANGE from Miami, and who arrogantly stated, in public, that he refused to implement KYC policies, has entered a plea of guilty to Bank Secrecy Act violations.
Todd, who is facing a five year Federal Prison sentence, also attempted to manipulate the price of his proprietary token, DGTX, and failed to register with the CFTC.
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