Reading Time: 2 minutes Poloniex has resolved its dispute with the CFTC over alleged sanctions violations with a $7.59 million settlement The exchange was accused of having improper systems in place to prevent customers in sanctioned countries from using its platform The CFTC took its improved compliance efforts in recent years into account Poloniex LLC, a former affiliate of the Poloniex cryptocurrency exchange in the United States, has agreed to pay $7.59 million to settle allegations of violating sanctions with the Office of Foreign Asset Control (OFAC). According to OFAC, the platform committed almost 66,000 violations of various sanctions programs, allowing customers from sanctioned
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