BitPay agrees to pay $507,375 over sanction violation charges

4
US Department of Treasury’s OFAC announced that Bitcoin payment provider BitPay has agreed to a $507,375 settlement over violations of “multiple sanctions” related to crypto transactions. BitPay allowed users from Ukraine, Cuba, North Korea, Iran, Sudan, and Syria to transact with merchants in US, using digital currency on its platform. OFAC has geographical sanctions in […]


BitPay agrees to pay $507,375 over sanction violation charges written by Alisha Roy @ https://ambcrypto.com/bitpay-agrees-to-pay-507375-over-sanction-violation-charges/ February 18, 2021 Alisha Roy

Comments are closed.