The U.S. executive department could begin publication cryptocurrency case addresses together with the names of individuals and organizations with whom it forbids voters from doing business.
In a Saint Joseph update to its FAQ on sanctions compliance, the department's workplace of Foreign Asset management notes that cryptocurrencies are treated constant as act currencies once it involves Specially selected Nationals - a listing of individuals connected with the governments of sanctioned nations, terrorist organizations or narcotics trafficking.
"To strengthen our efforts to combat the illicit use of digital currency transactions beneath our existing authorities, OFAC could embody as identifiers on the SDN List specific digital currency addresses related to blocked persons," the agency aforementioned.
Doing therefore would "alert the general public of specific digital currency identifiers related to a blocked person," OFAC aforementioned. However, the address listings "are not going to be complete."
OFAC even indicated there would be a field on the SDN list for digital currency addressee, with space for up to 256 character set characters and also the name or ticker of the currency (it's listed as examples bitcoin, ether, litecoin, neo, dash, XRP, iota, Monroe and Venezuela's Petro).
Marco Santori, president of case startup Blockchain.com and an old trade attorney, tweeted that the move was "good news" for bitcoin during a broad sense, although he aforementioned it's going to have some increased consequences:
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