Office of Foreign Assets Control

U.S. Treasury Department To Allow Tornado Cash Users To Complete Transactions and Withdraw Crypto

September 14, 2022 The Daily Hodl

Daily Hodl

The U.S. Treasury Department has updated its policy on Ethereum-based crypto mixing service Tornado Cash. The Office of Foreign Assets Control (OFAC) imposed the ban on August 8th arguing that the protocol facilitated money laundering and terrorism. The move from OFAC effectively suspended transactions leaving users unable to withdraw their funds.  In a new statement, […]

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Analyst ‘wouldn’t be surprised’ if Ethereum outperforms Bitcoin in January

U.S. Treasury Department Sued by Crypto Investors With Support From Industry Giant Coinbase

September 9, 2022 The Daily Hodl

coinbase

A group of Tornado Cash users is suing the U.S. Treasury Department over the decision to add the crypto mixer to the Specifically Designated Nationals and Blocked Persons (SDN) list. In a complaint filed with the U.S. District Court, Western District of Texas, the plaintiffs claim that the sanction of Tornado Cash infringes on their […]

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Analyst ‘wouldn’t be surprised’ if Ethereum outperforms Bitcoin in January

Crypto Exchange Kraken Under Investigation for Allegedly Allowing Iranian Sanction Evasion: Report

July 28, 2022 The Daily Hodl

Daily Hodl

Crypto exchange Kraken is reportedly under federal investigation for allegedly violating a US sanction against Iran. The US has imposed restrictions on activities with Iran following the hostage crisis at the American embassy in Tehran in 1979. As a result, US-based businesses are not allowed to buy or sell goods to anyone in the Middle […]

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Analyst ‘wouldn’t be surprised’ if Ethereum outperforms Bitcoin in January

U.S. Treasury Sanctions Coin Mixer Allegedly Used by North Korean Hackers To Process Over $20,000,000 in Crypto

May 10, 2022 The Daily Hodl

Axie Infinity

The US government is continuing to crack down on illicit crypto activity by targeting a website that it says obfuscates transaction data. In a new press release, the U.S. Department of the Treasury says the Office of Foreign Assets Control (OFAC) is sanctioning Blender.io, a service OFAC claims the Democratic People’s Republic of Korea (DPRK) […]

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Analyst ‘wouldn’t be surprised’ if Ethereum outperforms Bitcoin in January

U.S. Treasury Sanctions Three Ethereum (ETH) Wallets With Ties to North Korean Hacker Group

April 24, 2022 The Daily Hodl

Altcoin

The U.S. Department of the Treasury is sanctioning three Ethereum (ETH) wallets connected to the North Korean hacking group reportedly behind last month’s Ronin Network attack. According to a new tweet by the Treasury Department, the Office of Foreign Assets Control (OFAC) is adding three ETH addresses associated with the North Korean Lazarus Group to […]

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Analyst ‘wouldn’t be surprised’ if Ethereum outperforms Bitcoin in January

Treasury Department Warns Against Circumventing Russia Sanctions, Targets Digital Currencies and Physical Assets

March 1, 2022 The Daily Hodl

Daily Hodl

The U.S. Treasury Department is calling out digital assets as it prepares to enforce new sanctions against Russia. The Office of Foreign Assets Control (OFAC) is detailing a series of measures designed to target transactions that are connected to the Russian Federation. A new rule says the Treasury may stop flows of capital that are […]

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Analyst ‘wouldn’t be surprised’ if Ethereum outperforms Bitcoin in January

OFAC Escalates Russian Sanctions Listing Bitcoin Addresses, US Treasury Crypto Crackdown Rumors Spread

April 18, 2021 Bitcoin.com

Bitcoin

Rumors concerning the U.S. Treasury cracking down on several financial institutions over money laundering has been spreading like wildfire on social media and forums. There’s been no formal announcement from the U.S. entity and at this stage, the news is widely considered FUD. However, some are assuming the hearsay stems from the recent Russian sanctions […]

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Analyst ‘wouldn’t be surprised’ if Ethereum outperforms Bitcoin in January