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Infographics
April 27, 2018

Sanctions Compliance and Cryptocurrency

Continuing the approach taken by various U.S. agencies and market regulators, the Office of Foreign Asset Control (OFAC) advises that entities face the same compliance obligations for transactions denominated in virtual currencies as they do for traditional currencies. Here are key takeaways from a recent update to the office’s sanctions compliance FAQ:
 

Sanctions Compliance and Cryptocurrency Infographic  

 

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