OFAC’s 1st cryptocurrency fine: settlement with BitGo

OFAC has announced a settlement (notice here) with BitGo, Inc. a technology company based in California that implements security and scalability platforms for digital assets and offers non-custodial secure digital wallet management services. BitGo agreed to pay $98,830 to settle its potential civil liability for 183 apparent violations of multiple sanctions programs. The violations were processed between March 10, 2015 …

About Maya Lester QC

Maya Lester QC

Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...

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