Crypto News

Poloniex Pays Over $7.6M For Sanctions Violations: Here’s What You Need To Know

Published

5 months ago

May 2, 2023

Crypto exchange Poloniex has agreed to pay $7.59 million to settle allegations that it allowed violations of international sanctions on its platform, the U.S. Treasury Department said in a statement. Between January 2014 and November 2019, the trading platform allowed customers who appeared to be located in sanctioned jurisdictions to make transactions worth around $15.3 million. The Treasury’s Office of Foreign Assets Control (OFAC) noted that Poloniex had reason to know the locations of the accounts in question based on both Know Your Customer (KYC) information and IP addresses. The agreement follows a previous settlement in August 2021, when Poloniex agreed to pay $10.4 million to the Securities and Exchange Commission (SEC) to settle charges of operating as an unlicensed cryptocurrency exchange. Last year, working with FinCEN, OFAC fined Bittrex $53 million for facilitating similar apparent sanctions violations. This news means that Poloniex has had to pay a hefty sum in order to settle allegations that it allowed violations of international sanctions on its platform. It is a reminder to all crypto exchanges to ensure that they have adequate controls in place to comply with international sanctions. #Poloniex #Sanctions #Cryptocurrency #OFAC #FinCEN

You can read more about this topic here: Decrypt: Poloniex to Pay $7.6 Million In Sanctions Violations Settlement

The post Poloniex Pays Over $7.6M For Sanctions Violations: Here’s What You Need To Know first appeared on Byte Syze Crypto.

Crypto News

ing the Tax Law Uncover the Secrets of Tax Law with David L. Schwed

Published

47 mins ago

September 26, 2023

David L. Schwed is the Chief Operating Officer for Halborn. He was interviewed at Messari Mainnet 2023 by André Beganski to discuss the upcoming video game AI Arena, as well as Avantgarde Finance CEO and founder Mona El Isa, who talked about how DeFi has changed since the collapse of FTX. This interview provides insight into the current state of the crypto space and what the future may bring. #Crypto #DeFi #AI #FTX

You can read more about this topic here: Decrypt: David L. Schwed

The post ing the Tax Law

Uncover the Secrets of Tax Law with David L. Schwed first appeared on Byte Syze Crypto.

Crypto News

ing the Ins and Outs of Cryptocurrency Unlock the Secrets of Cryptocurrency with Dave Lemke

Published

47 mins ago

September 26, 2023

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This article provides an overview of the current prices of various cryptocurrencies, such as Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, and others. It also provides a link to the Decrypt website, which includes videos and podcasts interviews with big names in the crypto space. This news is good for those who are interested in cryptocurrency and want to stay up to date with the current prices.
#Cryptocurrency #CryptoPrices #CryptoNews #CryptoInterviews

You can read more about this topic here: Decrypt: Dave Lemke

The post ing the Ins and Outs of Cryptocurrency
Unlock the Secrets of Cryptocurrency with Dave Lemke first appeared on Byte Syze Crypto.

Crypto News

ing the Mystery of SEO Unlock the Secrets of SEO with Amanda Tuminelli: A Guide to Maximizing Your Site’s Visibility

Published

47 mins ago

September 26, 2023

This article provides the latest prices of various cryptocurrencies, such as Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, and more. It also provides a brief interview with Amanda Tuminelli, the Chief Legal Officer of the DeFi Education Fund. This article provides useful updates on the crypto market, allowing users to stay informed and make informed decisions. #Cryptocurrency #CryptoMarket #DeFi #CryptoInvesting

You can read more about this topic here: Decrypt: Amanda Tuminelli

The post ing the Mystery of SEO
Unlock the Secrets of SEO with Amanda Tuminelli: A Guide to Maximizing Your Site’s Visibility first appeared on Byte Syze Crypto.