US Sanctions Strategy and Crypto: The Cracks Are Showing in Iran
Cointelegraph
Published Mar 15, 2020 11:00AM ET
Updated Mar 15, 2020 12:40PM ET
Running up against limited experience and resources for monitoring potentially illegal use of digital assets, United States authorities delegate sanctions monitoring to cryptocurrency exchanges and industry players. But do current practices do more harm than good?
Within the U.S. Treasury, the Office of Foreign Asset Control (OFAC) is responsible for sanctioning individuals and entities the country considers threats to national security.
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Written By: Cointelegraph
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