3 | 18/02/2021 – 15:24 (GMT-4)
The United States Treasury Department has imposed a debt on the BitPay company, a private company owned in Atlanta, Georgia, to facilitate the processing of bitcoin payments to Cuban residents in the island.
The Foreign Offenses Control Office (OFAC), which applies the sanction, indicates these juveniles in a communicated that the company should pay more than a million dollars ($ 507,375) “to eliminate its civil liability” by violating the embargo on Cuba.
This is the first sanction related to Cuba that OFAC has implemented since Joe Biden the presidency passed on the 20th of January.
“BitPay allows persons who have been located in the Crimea region of Ukraine, Cuba“North Korea, Iran, Sudan and Syria carry out transactions with traders in the United States and other locations using digital technology,” the statement said.
“BitPay allows people in these jurisdictions to make transactions of up to $ 129,000 related to the digital world,” explains OFAC.
In agreement with the official report, between June 10, 2013 and September 16, 2018, BitPay will process 2,102 transactions in the number of people that, according to IP directories and the information available on invoices, will be found in Cuba .
“This result was published in the Appellate Violations of the Executive Order 13685 of 19 December 2014”, between them the Cuban Activism Control Regulation, from publication.
A company that the amount of the civil monetary sanction applicable to such violations is $ 2,255,000, while considering some attorneys agree the amount of $ 507,375.
The last of the sanctions that habian applied to corporate companies to favor trade with Cuba was also linked to transfers of cryptocurrencies, and was carried out last December, during which the Department of Treasury BitGo technology company, de Palo Alto, California, where the service of the monederos digitizes a person as ubicadas in Cuba.
Various sanctions imposed by Washington, including those listed as terrorists by the State Department, are promulgated to use cryptocurrencies in its international transactions to elicit financial controls. The regime of Nicolas Maduro in Venezuela figures between the parties of the digital checkers working through Petro.
An antecedent OFAC obliged the Western Union company to close its operations in the island after 21 years of service between the Cubans.
The Trump administration’s sanction against FINCIMEX, signed by CIMEX and governed by GAESA’s military control, officially entered into force on November 27, and represents a financial blow to the Cuban regime, which referred to the medida as an aggression.
Restore This Ultimate Service Depends on President Joe Biden Deciding to Restore Removal services by Western Union and Cuba, however, the administration has not yet been notified.
Without embarrassment, the Cuban-American leaders are united in a bipartisan petition to Biden that its Administration does not know the politics or open negotiations with Cuba while not producing democratic advances in the island.
Senator Democrat Bob Menéndez, currently the top-ranked Cuban-American politician in Washington, and Republicans Marco Rubio and Rick Scott, along with congressmen Carlos Giménez, Mario Díaz Balart and Maria Elvira Salazar and the Alcaldes of Miami, Hialeah, Coral and Doral, soliciting the mandate to uphold the policy of sanctions against La Habana and demand the cessation of the violations of human rights in the Caribbean.