Poloniex will pay $7.6M settlement to US authorities for 'apparent violations' of sanctions
OFAC said Poloniex allowed users in Crimea, Cuba, Iran, Sudan and Syria to conduct digital asset trades, deposits and withdrawals between January 2014 and November 2019.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
OFAC said Poloniex allowed users in Crimea, Cuba, Iran, Sudan and Syria to conduct digital asset trades, deposits and withdrawals between January 2014 and November 2019.
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
82 Million Galaxy Devices Will Support USDC Transfers This October
USDC is set to become Samsung Wallet’s default dollar stablecoin as Coinbase expands its partnership with the smartphone maker. Th...
XRPL’s $1.34 billion stablecoin base doesn’t tell us how much XRP users need
Tracked stablecoins on the XRP Ledger totaled $1.338 billion on Oct. 7. For XRP holders, the critical question is how much activit...
UK sanctions crypto payment processors Cryptomus, Heleket, and exchange TokenSpot
The UK's sanctions highlight the increasing scrutiny on crypto's role in evading financial restrictions, impacting global complian...
UK sanctions crypto platforms suspected of supporting Russian financial networks
The UK sanctioned Cryptomus, Heleket and TokenSpot in a Russia sanctions package, with TRM Labs identifying links to Grinex and Ga...
Securitize’s Chongwu Du says tokenized finance will run on a few blockchains, not one
Tokenized finance's reliance on multiple blockchains could enhance resilience and innovation, fostering a more diverse financial e...
RedStone launches Sanctions Oracle for onchain compliance on Ethereum
RedStone's Sanctions Oracle enhances onchain compliance, potentially reshaping DeFi protocols by automating sanctions checks and r...