OFAC “May” Include Virtual Currency Wallet Addresses on SDN List - McDermott Will & Emery

OFAC “May” Include Virtual Currency Wallet Addresses on SDN List

Overview


Lee Schneider wrote this bylined article describing how the Office of Foreign Asset Control (OFAC) may publicly identify digital currency addresses associated with entities on its “blocked persons” list that US persons generally are prohibited from doing business with. If OFAC does this, Mr. Schneider wrote, “It could alter compliance and ‘Know Your Customer’ requirements for market participants.”