Crypto wallet and custodian, BitGo has agreed to pay just short of $100,000 to settle violations of sanctions rules administered by the US Treasury’s Office of Foreign Assets Control. The OFAC said the violations occurred because BitGo, in 183 instances, allowed people located in sanctioned regions to use its non-custodial digital wallet management service. The crypto startup was aware that based on the IP address data it collects, users from Ukraine, Cuba, Iran, Sudan and Syria logged into BitGo platform. Between March 2015 and December 2019, BitGo had deficiencies in the sanctions screeni...