Browsing the "OFAC" Tag

Treasury Official: Global Regulators Must Follow US Lead in Crypto Enforcement

| Nikhilesh De

U.S. Treasury Department Under Secretary Sigal Mandelker called for global efforts to police malicious actors' use of cryptocurrencies.

Get Ready for Crypto Sanctions Enforcement

| Beau Barnes and Jake Chervinsky

Recent OFAC actions are just the first step in crypto sanctions enforcement, write attorneys Beau Barnes and Jake Chervinsky.

US Regulators Tie Two Bitcoin Addresses to Iranian Ransomware Plot

| Nikhilesh De

For the first time, the U.S. Treasury Department is adding crypto addresses to its list of Specially Designated Nationals.

The Crypto Community Must Use the Blockchain to Self-Police

| Yaya Fanusie

The everyday crypto user in the future is likely to spend time identifying illicit wallets and transactions to avoid, thanks to the U.S. Treasury.

OFAC’s Bitcoin Blacklist Could Change Crypto

| Andrew Hinkes and Joe Ciccolo

With just one paragraph, an agency of the U.S. government may have just radically altered the dynamics of the cryptocurrency ecosystem.

US Could Put Crypto Wallets on OFAC Sanctions List

| Nikhilesh De

The Treasury Department may start publishing wallet addresses along with the names of people and organizations with whom it forbids doing business.

Sanctions Showdown Looms for US and Cryptocurrency

| Brian Fleming

If OFAC turns its eye toward cryptocurrencies, it could be only a matter of time before it makes an example of one or more entities to send a message.

Cuba, flag

What Coinbase’s Cuba Problem Says About the Bitcoin Business

| Bailey Reutzel

As travelers to Cuba can attest, an unfortunate reality of cryptocurrency services today is the poor customer support.