Last Updated: January 19, 2026
BITPAPA IC FZC LLC
Aliases
BITPAPA; BITPAPA PAY; BITPAPA FZC LLC; PAPA HOLDING LTD
Nationality
United Arab Emirates; Belize
Address
A-0059-652 Flamingo Villas, Ajman Media City Free Zone, Ajman, United Arab Emirates
Reg. ID
5069, Registration Number; RA000693_172229, Registration Number
Official reason
Bitpapa IC FZC LLC (Bitpapa) operates a peer-to-peer virtual currency exchange and offers services to Russian nationals. To date, it has conducted transactions worth millions of dollars with OFAC-designated Russian entities Hydra Market and Garantex. Bitpapa was designated pursuant to E.O. 14024 for operating or having operated in the financial ser...
Other Information
https://home.treasury.gov/news/press-releases/jy2204
Date of listing
2024-03-25
Program information
Authority
US
Program
Executive Order 14024 of April 15, 2021 Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation
Regime
OFAC country specific
Target State
Russia
Measures
Blocking Property, Suspending Entry, Trade sanctions
Sanctions Portfolio
• https://ofac.treasury.gov/faqs/1127 • https://ofac.treasury.gov/faqs/1029
Official Information
In response to the Russian Federation’s continued use of its military-industrial base to support its aggression against Ukraine, the President has issued an Executive Order (E.O.) amending E.O. 14024 that provides the Office of Foreign Assets Control (OFAC) with new authorities to target foreign financial institutions for engaging in certain transa...
Additional Details
SDN / NS-MBS / CAPTA
Program URL
1.https://www.federalregister.gov/documents/2021/04/19/2021-08098/blocking-property-with-respect-to-specified-harmful-foreign-activities-of-the-government-of-the 2.https://ofac.treasury.gov/media/932436/download?inline