Crypto exchange Bittrex coughs up $53m to end claims of US sanctions busting

Bittrex will cough up $53 million after being accused of flouting US sanctions and breaking federal money laundering laws and other banking rules. Specifically, the cryptocurrency exchange will pay $24 million to settle allegations made by the US Treasury’s Office of Foreign Assets Control (OFAC), and $29 million to the Treasury’s Financial Crimes Enforcement Network (FinCEN) to settle that agency’s claims.

Read full article on The Register

 


Date:

Categorie(s):

Tag(s):