Bittrex Crypto Exchange Fined $24 Million for US Sanction Violation
Join Our Telegram channel to stay up to date on breaking news coverage The whole idea of cryptocurrency lies in the concept of independence and freedom. However, when it comes to regulations, there’s nothing that can aid crypto exchanges and the ecosystem in bypassing them. One such crypto exchange that has recently come under government scrutiny is Bittrex. The crypto exchange has been found guilty of violating the United States sanctions. This move resulted in the United States Treasury slapping the exchange with one of the most significant fines in history. What were the exact reasons which made the US Treasury fine Bittrex? What would be the impact of these sanctions? Let’s find out more here. Bittrex Violates U.S. Sanctions: What’s the Scenario? On Tuesday, the crypto exchange Bittrex was the face of one of the most significant fines in US history, ever implemented on a crypto exchange. According to the US Treasury, between 2014 and 2017, Bittrex enab...