Crypto payments platform BitPay has settled with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on charges of over 2,000 apparent sanctions violations. BitPay will pay $507,375 on allegations it allowed individuals in sanctioned locations like Ukraine’s Crimea region, Cuba, North Korea, Sudan, Iran and Syria to transact wit...
BitPay to Pay $500K to Settle OFAC Sanction Violation Charges is only available to members
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