Crypto Exchange CoinList Settles OFAC’s Russian Sanctions Allegations for $1.2M
CoinList did not detect users who claimed to be from non-embargoed countries, but provided addresses in Crimea, OFAC said.
CoinList did not detect users who claimed to be from non-embargoed countries, but provided addresses in Crimea, OFAC said.
The feature will initially launch for institutional investors but will be rolled out for retail investors in the coming months, the exchange said.
The latest price moves in crypto markets in context for Dec. 13, 2023.
Anatoly Legkodymov says he’ll dissolve the sanctioned exchange as part of his plea.
The new feature comes at a time of growing positive sentiment in the crypto market after over a year of pain for industry participants.
Crypto companies spent almost $19 million on lobbying by the end of the third quarter compared with $16 million in the same period last year.
“DigiFT is the first exchange with an automatic market making mechanism to have been admitted into the MAS FinTech Regulatory Sandbox,” said founder Henry Zhang.
The deal also removes the final hurdle before approval of a spot bitcoin ETF, the report said.
Veri shows the exchange sits on over $67 billion worth of tokens, easing concerns of a possible bank run.
The overnight price volatility in bitcoin and other cryptocurrencies washed out a notable chunk of leverage from the market, with bitcoin alone seeing more than $65 million worth of liquidations in futures markets.