OFAC’s sanctions search tool checks crypto wallets, but a clean result isn’t a clearance
By John Chen
OFAC's evolving sanctions list underscores the need for continuous compliance efforts in crypto, as non-matches don't guarantee safety. The post OFAC’s sanctions search tool checks crypto wallets, but a clean result isn’t a clearance appeared first on Crypto Briefing.
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Cryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencySanctions
Penalties such as trade bans, asset freezes or travel bans imposed by one or more countries on another country, group or person.
Sanctions are used to pressure governments without military action, with costs for both sides.
More about SanctionsFrom the blog
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