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BitPay reaches US$507,375 settlement over digital currency US sanctions breaches

Money Laundering Bulletin

BitPay reaches US$507,375 settlement over digital currency US sanctions breaches

BitPay, Inc. of Atlanta, Georgia, which processes digital currency payments received by its merchant customers, has agreed to pay US$507,375 to the US Office of Foreign Assets Control (OFAC) to settle potential civil liability for 2,102 apparent violations of various US sanctions programmes.

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