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
Western Union’s USDPT Stablecoin Becomes a Settlement Option on Visa, Anchorage Digital Says
Banks and payment companies on both sides of a card purchase, those that issue cards and those that sign up merchants, regularly s...
Visa Taps Anchorage Digital to Bring Western Union’s USDPT Into Stablecoin Settlement
Key Takeaways: Visa will provide its USDPT as an option for the settlement of stablecoins. USDPT is issued by Anchorage Digital Ba...
South Korea Gives Crypto Exchanges Power to Freeze Withdrawals on Suspected Hacks
Key Takeaways: South Korea could temporarily restrict crypto exchange withdrawals during hacks. FSC desires 24/7 monitoring and in...
UK, Singapore, and Thailand central banks complete foreign exchange settlement trial linking traditional and tokenized systems
Three central banks published findings from a cross-border FX settlement trial using Partior's synchronization prototype.
Thailand SEC Proposes Stablecoin Rules With 5M Baht Daily Caps for Crypto Transfers
Key Takeaways: Thailand suggests that daily deposits and withdrawals for stablecoins should be capped at 5 million baht. Only veri...
Why the Path to Quantum Resistance Runs Uphill for Wallet Manufacturers
Bitcoin custody has always involved some degree of risk, but wallet manufacturers like Trezor — which build physical devices desig...