The US Financial Industry Regulatory Authority imposes a fine on former Merrill employees for external business activities that cryptocurrency is privately conducted.

According to foreign media today, the US Financial Industry Regulatory Authority (FINRA) imposed a fine on Kyung Soo Kim, a former employee of Merrill Lynch, and suspended for one month because it had not notified its member companies in advance. An external business activity engaged in cryptocurrency mining was established. Earlier this week, Kyung Soo Kim filed an acceptance, waiver and consent (AWC) to propose a solution to the alleged violation of the rules.