BOSTON (Reuters) – A cryptocurrency financial services firm agreed on Tuesday to plead guilty to U.S. charges that it offered to help manipulate the market for a digital token created at the FBI’s behest to help uncover fraud in the crypto sector.

United Arab Emirates-registered CLS Global was one of the three companies and 15 individuals charged last year by federal prosecutors in Boston following a novel crypto-focused undercover investigation.

The company will also be barred from participating in cryptocurrency transactions on trading platforms available to U.S. investors or providing services to U.S. cryptocurrency clients, prosecutors said.

CLS Global also committed to making annual certifications about its business practices and agreed to settle related civil charges by the U.S. Securities and Exchange Commission.

Read more at: https://ca.finance.yahoo.com/news/cryptocurrency-financial-firm-plead-guilty-211824134.html