TechFlow news: On December 13, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced a settlement with cryptocurrency exchange CoinList, avoiding potential penalties of up to $327 million for transferring funds in violation of U.S. sanctions regulations.
According to reports, over a two-year period ending in May 2022, CoinList processed 989 transactions from users residing in Crimea, totaling $1.25 million. OFAC stated these actions "clearly violated" its sanctions regulations regarding Russia and Ukraine.




