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AMB Crypto 2021-02-18 18:00:41

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



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 […]
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