US settles with BitPay for apparent sanctions breaches Toggle share menu Advertisement US settles with BitPay for apparent sanctions breaches BitPay, one of the biggest cryptocurrency payment processors, will pay US$507,375 to settle its potential civil liability for apparent violations of U.S. sanctions on countries like Cuba, North Korea and Iran, the U.S. Treasury Department said. FILE PHOTO: A woman explains how bitpay, a company designed to help companies use virtual currency, to an attendee during the "Inside Bitcoins: The Future of Virtual Currency Conference" in New York April 8, 2014. REUTERS/Lucas Jackson 20 Feb 2021 03:55AM Share this content Bookmark