Stay updated with breaking news from Alex sobrino. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 ....
3 Min Read (Reuters) - BitPay, one of the biggest cryptocurrency payment processors, will pay $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 Digital currencies, which are mostly unregulated, decentralized and anonymous, have gained popularity in recent years, especially in countries under U.S. and other sanctions, where they are seen as a way of getting around the global financial system. ....