US Government Slaps $1,200,000 Penalty on San Francisco Crypto Exchange for Violating Russia/Ukraine Sanctions

A San Francisco-based crypto exchange has reached an agreement with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to settle its potential civil liability for violating US sanctions related to Russia and Ukraine. In a new enforcement release, the OFAC says that CoinList Markets (CLM) has agreed to pay over $1.2 million as […] source: https://dailyhodl.com/2023/12/15/us-government-slaps-1200000-penalty-on-san-francisco-crypto-exchange-for-violating-russia-ukraine-sanctions/