BitPay to pay $500K in settlement with US Treasury over sanctions violations – CoinGeek
Atlanta, Georgia-based digital currency payments firm BitPay has agreed to pay over $500,000 in settlement over sanction violations. The firm settled with the Office of Foreign Assets Control (OFAC), an agency of the U.S. Treasury Department. BitPay agreed to pay $507,375 to settle its potential civil liability for the violations.
