The Crypto Community Must Use the Blockchain to Self-Police
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.
The U.S. Treasury's OFAC has put bitcoin and litecoin addresses of three Chinese nationals on its sanctions list, the second time the agency has blacklisted crypto wallets.
U.S. Treasury Department Under Secretary Sigal Mandelker called for global efforts to police malicious actors' use of cryptocurrencies.
Crypto exchange Bittrex is looking to return crypto holdings to customers in sanctioned nations, but there are conditions.
Recent OFAC actions are just the first step in crypto sanctions enforcement, write attorneys Beau Barnes and Jake Chervinsky.
For the first time, the U.S. Treasury Department is adding crypto addresses to its list of Specially Designated Nationals.