US Government Fines Bitgo for Allowing Users to Bypass Sanctions With Cryptocurrency
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 Bitg...
Source: bitcoin.com