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OFAC

U.S. Treasury Department seal
Markets
Sanctions
US Agency Says Chinese Drug Traffickers Used Bitcoin to Launder Proceeds
The U.S. Office of Foreign Asset Control has sanctioned four Chinese residents, claiming they helped launder drug proceeds using bitcoin.
U.S. Treasury Department seal
By Nikhilesh De
Jul 17, 2020 at 4:13 p.m. UTC
Jul 17, 2020
SanctionsOFACU.S. Treasury Department
Virgil Griffith is accused of violating the International Emergency Economic Powers Act by allegedly telling North Korean government officials how to evade sanctions using cryptocurrency. (Image via Wikimedia Commons)
Markets
Ethereum
USA v. Virgil Griffith: What We Know (and Don’t) in the Bombshell Crypto Sanctions Case
Prosecutors appear to have a strong case against Virgil Griffith, the ethereum developer charged with conspiring to aid North Korea, legal experts say.
Virgil Griffith is accused of violating the International Emergency Economic Powers Act by allegedly telling North Korean government officials how to evade sanctions using cryptocurrency. (Image via Wikimedia Commons)
By Nikhilesh De
Jan 31, 2020 at 8:35 a.m. UTC
Jan 31, 2020
EthereumSanctionsOFACNorth KoreaVirgil Griffith
John Roth (Credit: Bittrex)
Markets
Exchanges
Bittrex Will Release Frozen Crypto to Former Users in Sanctioned Regimes
Crypto exchange Bittrex is looking to return crypto holdings to customers in sanctioned nations, but there are conditions.
John Roth (Credit: Bittrex)
By Nikhilesh De
Nov 11, 2019 at 1:00 p.m. UTC
Nov 11, 2019
ExchangesIranRegulationNewsSanctionsOFACBittrexMarkets Newsus-canada
As part of the deal, the crypto tracing firm adds Ribbit Capital general partner Sigal Mandelker as an adviser. (CoinDesk archives)
Markets
News
US Treasury Blacklists Bitcoin, Litecoin Addresses of Chinese 'Drug Kingpins'
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.
As part of the deal, the crypto tracing firm adds Ribbit Capital general partner Sigal Mandelker as an adviser. (CoinDesk archives)
By Nikhilesh De
Aug 21, 2019 at 5:53 p.m. UTC
Aug 21, 2019
NewsOFACU.S. Treasury Department
U.S. Department of the Treasury
Markets
Crime
Treasury Official: Global Regulators Must Follow US Lead in Crypto Enforcement
U.S. Treasury Department Under Secretary Sigal Mandelker called for global efforts to police malicious actors' use of cryptocurrencies.
U.S. Department of the Treasury
By Nikhilesh De
Dec 4, 2018 at 5:15 p.m. UTC
Dec 4, 2018
CrimeRegulationNewsRegulationsLegalOFACSigal Mandelkerus-canada
Iran_rial_US_dollar_currency
Markets
Iran
Get Ready for Crypto Sanctions Enforcement
Recent OFAC actions are just the first step in crypto sanctions enforcement, write attorneys Beau Barnes and Jake Chervinsky.
Iran_rial_US_dollar_currency
By Beau BarnesJake Chervinsky
Dec 2, 2018 at 11:40 a.m. UTC
Dec 2, 2018
IranSanctionsOFACFeaturesbusiness news
tres-dept
Markets
Regulation
US Regulators Tie Two Bitcoin Addresses to Iranian Ransomware Plot
For the first time, the U.S. Treasury Department is adding crypto addresses to its list of Specially Designated Nationals.
tres-dept
By Nikhilesh De
Nov 28, 2018 at 3:34 p.m. UTC
Nov 28, 2018
RegulationNewsSanctionsOFACU.S. Treasury Departmentus-canada
Police Beacon car lights
Markets
Crime
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.
Police Beacon car lights
By Yaya Fanusie
Apr 28, 2018 at 9:45 a.m. UTC
Apr 28, 2018
CrimeRegulationSanctionsOFACUS TreasuryFeaturesus-canada
dark bitcoin
Markets
Bitcoin mining
OFAC's Bitcoin Blacklist Could Change Crypto
With just one paragraph, an agency of the U.S. government may have just radically altered the dynamics of the cryptocurrency ecosystem.
dark bitcoin
By Andrew HinkesJoe Ciccolo
Mar 24, 2018 at 11:00 a.m. UTC
Mar 24, 2018
Bitcoin MiningNodesRegulationLightning NetworkSanctionsOFACFeaturesus-canada
ofac
Markets
Treasury department
US Could Put Crypto Wallets on OFAC Sanctions List
The Treasury Department may start publishing wallet addresses along with the names of people and organizations with whom it forbids doing business.
ofac
By Nikhilesh De
Mar 21, 2018 at 9:30 p.m. UTC
Mar 21, 2018
Treasury DepartmentNewsSanctionsOFACPetro