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Poloniex llc
Poloniex Agrees to $7.6M Settlement With OFAC
Poloniex LLC, a U.S. entity previously affiliated with the Poloniex crypto exchange, will remit $7.59 million to settle sanctions violation allegations with the U.S. Treasury Department's Office of Foreign Asset Control (OFAC). STORM Partners Managing Partner Sheraz Ahmed reacts to this development, saying, "A lot of the exchanges are going to be looking back at what they are doing and this is an opportunity for them to come clean."
Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges
Poloniex LLC, a U.S. entity previously affiliated with the Poloniex crypto exchange, will remit $7.59 million to settle sanctions violation allegations with the U.S. Treasury Department's Office of Foreign Asset Control (OFAC), the sanctions watchdog said Monday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest in crypto regulation.
