Crypto Exchange Bittrex Fined $30 Million For Breaking US Sanc | CryptoSoul

Crypto Exchange Bittrex Fined $30 Million For Breaking US Sanctions 

Crypto exchange Bittrex has settled with the US Treasury department over allegations that the firm violated the sanctions imposed by the OFAC by engaging with users from the sanctioned jurisdictions.

Bittrex Will Pay $30 Million To The US Treasury As Settlement Money.

The US Treasury Department has imposed a $30 million fine on the cryptocurrency exchange Bittrex. The department alleged that Bittrex had violated US sanctions by permitting users from Cuba, the Crimea region of Ukraine, Iran, Sudan, and Syria to conduct cryptocurrency proceedings through the Bittrex platform.