US Government Fines Bitgo for Allowing Users to Bypass Sanctions With Cryptocurrency
The U.S. Office of Foreign Assets Control has fined Bitgo for failing to prevent users in sanctioned countries from using its crypto wallet service. The agency says Bitgo processed 183 cryptocurrency transactions that were “apparent violations of multiple sanctions programs.”
US Treasury Alleges Bitgo Allows Users to Bypass Sanctions
The U.S. Department of the Treasury announced on Wednesday that the Office of Foreign Assets Control (OFAC) has entered into a $98,830 settlement with Bitgo “for 183 apparent violations of multiple sanctions programs.” Bitgo offers cryptocurrency wallet services. According to the announcement:
Officials slam US sanctions on Xinjiang products By CUI JIA and MAO WEIHUA in Urumqi | CHINA DAILY | Updated: 2020-12-29 07:23 Share CLOSE Workers make down-filled coats at a factory in Jiashi county, Xinjiang Uygur autonomous region, last month. WANG ZHUANGFEI/CHINA DAILY
The United States sanctions on the Xinjiang Production and Construction Corps in the name of forced labor are groundless and won t affect the healthy development of the corps, officials said. More than 70 percent of the XPCC s cotton and 95 percent of its textile products have been sold domestically in the past two years, Sun Huantao, deputy director of the XPCC s Commerce Bureau, told China Daily in an exclusive interview at its headquarters in Urumqi, capital of the Xinjiang Uygur autonomous region.
1 2020-12-29 08:38:27China Daily
Editor : Li Yan
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Workers make down-filled coats at a factory in Jiashi county, Xinjiang Uygur autonomous region, last month. (WANG ZHUANGFEI/CHINA DAILY)
The United States sanctions on the Xinjiang Production and Construction Corps in the name of forced labor are groundless and won t affect the healthy development of the corps, officials said. More than 70 percent of the XPCC s cotton and 95 percent of its textile products have been sold domestically in the past two years, Sun Huantao, deputy director of the XPCC s Commerce Bureau, told China Daily in an exclusive interview at its headquarters in Urumqi, capital of the Xinjiang Uygur autonomous region.
Amazon, the second-largest U.S. based corporate employer in the world, lays off several hundreds of employees. | Reuters/Charles Patiau
A left-leaning website is pressuring Amazon to drop several Christian organizations, including the Billy Graham Evangelistic Association, Focus on the Family, Family Research Council, and Alliance Defending Freedom, from its AmazonSmile charity because of their biblical views against homosexuality, according to a report.
Dozens of Christian groups are raising funds through AmazonSmile, which allows customers to choose a charity to receive proceeds from their purchases, “despite the company’s policies against discrimination based on sexual orientation,” says an “investigation” published by the openDemocracy website days before Christmas Day.