Cryptocurrency exchange Coinbase Global Inc. said its services may have been used by individuals, entities or jurisdictions subject to U.S. sanctions regulations and has disclosed the activity to a federal agency.
The largest U.S.-based cryptocurrency exchange, which on Thursday filed to go public with the Securities and Exchange Commission, in a regulatory filing said it has submitted disclosures to or responded to administrative subpoenas from the U.S. Treasury Department’s Office of Foreign Assets Control, or OFAC, which enforces U.S. sanctions.
‘Enforcement 40’ for 2020
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