CoinList reaches settlement with OFAC over sanctions violations for approximately $1.21 million
Virtual currency exchange CoinList, located in San Francisco, has reached a settlement with the US Treasury Department's Office of Foreign Assets Control (OFAC) for violating sanctions. CoinList has agreed to pay $1,207,830. OFAC stated that the exchange processed 989 transactions on behalf of users residing in Crimea between April 2020 and May 2022, in violation of OFAC's sanctions against Russia/Ukraine.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget PoolX is listing Concrete (CT) : Lock BTC to get 1,111,111 CT airdrop
CandyBomb x CT: Trade to share 560,000 CT
[Initial listing] Bitget to list Concrete (CT)
Bitget to delay the delisting of FHE, DRIFT, RVV，DOG from spot trading
Crypto prices
More
