BIT Mining Fined $10 Million for Bribery Scheme in Japan

Quick Summary:

The charges stem from a bribery scheme aimed at influencing Japanese government officials to secure a casino license between 2017 and 2019.

BIT Mining Ltd., formerly known as 500.com, has agreed to pay a $10 million penalty to resolve allegations of violating the Foreign Corrupt Practices Act (FCPA).

The company also consented to cease further violations of anti-bribery and accounting control provisions.Meanwhile, the U.S.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab EmiratesJapan

Topics: DOJ SEC Mining Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 05:23:47 (16 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 285 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23694221

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