Office of Foreign Assets Control — the US Treasury agency administering economic sanctions. OFAC has sanctioned crypto addresses, mixing services (Tornado Cash), and entities, making transactions with them illegal.
Office of Foreign Assets Control — the US Treasury agency administering economic sanctions.
OFAC has sanctioned crypto addresses, mixing services (Tornado Cash), and entities, making transactions with them illegal.
This regulatory concept affects how crypto businesses operate and how individuals report and manage their crypto activities. Staying informed helps you remain compliant and avoid legal issues.