The world of cryptocurrency is constantly evolving, and with its growing adoption comes increased regulatory scrutiny. Recently, the U.S. Treasury Department, through its.
Bitcoin payments processor, BitPay, must pay a fine of $507,375 to the U.S. OFAC as it facilitated 2,102 transactions from people in sanctioned.
Ethereum Developer Virgil Griffith is accused of helping North Korea's DPRK evade sanctions and drive money laundering through cryptocurrencies.
In a recent update, crypto exchange BitGo settles its claims with U.S. Treasury by paying a fine of $98,830 for sanctions violations.