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The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.

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CoinList Settles with OFAC for $1.2 Million Over Crimea Sanctions Violations

CoinList settles with OFAC for $1.2 million over transactions for users in Crimea, promising to invest $300,000 in compliance enhancements.

by Luisa Crawford
Dec 15, 2023

CRYPTOCURRENCY

CoinList Settles with OFAC for $1.2 Million Over Crimea Sanctions Violations

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