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US Court Fines UAE-Based CLS Global for Crypto Fraud
- CLS Global FZC LLC, based in the UAE, has been fined $428,000 by a US court for fraudulent crypto trading activities.
- The firm engaged in deceptive trading practices and manipulated cryptocurrency markets.
- The court has barred CLS Global from participating in crypto markets for three years.
- This legal action emphasizes the importance of following regulations in the cryptocurrency industry.
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