Robinhood's crypto division paid $ 30 million in fines to the New York State administration.

[Robinhood's crypto division could be fined $ 30 million by New York State regulators.] Golden Finance said that, according to recent data from S-1, Robinhood's crypto division s 'is committed to complying with New York State financial regulations and compliance. Announced after doing some research on network security. He is expected to pay a fine of $ 30 million. Robinhood Crypto has been fined $ 30 million and 'guardian terminated'. The New York Department of Financial Services (NYDFS) announced its first investigation into Robinhood in July 2020 after receiving "a few issues requiring oversight, primarily focused on prevention," issues related to money laundering and cybersecurity.