Malta’s FIAU imposed a fine of 1,200,000 USD on Okcoin Europe Ltd after uncovering deficiences in their anti-money laundering compliance. The review found inadequate risk assessment procedures affected numerous transactions, spurring the exchange to improve its compliance framework.
XRP is currently trading at 2.05 USD, market cap at 119 billion USD. It has shown a bearish trend, with attempts to recover from recent lows. Traders should watch for resistance around 2.05 USD and potential recovery signals in light volume conditions.
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