In a May 1 notice, OFAC said the $7.6 million would be used to settle Poloniex’s civil case for alleged violations of U.S. sanctions against Crimea, Cuba, Iran, Sudan and Syria. According to the government department, Poloniex allowed users in the sanctioned jurisdictions to conduct more than $15 million worth of digital asset trades, deposits and withdrawals between January 2014 and November 2019.
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Source: Cryptocurrency - investing.com
