United States of America: OFAC investigation into Cryptex for allegedly faciliating cybercrimes
Progress
Current status
in force
26 Sep 2024 in force
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Prohibition of goods and services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Issued ruling in OFAC investigation into Cryptex for allegedly faciliating cybercrimes
On 26 September 2024, the US Office of Foreign Assets Control (OFAC) designated Cryptex, a virtual currency exchange, in its Specially Designated Nationals (SDN) list. OFAC publishes the SDN list of organisations deemed threats to US national securi…
Event type
investigation
Action type
ruling
Government branch
executive
Government body
central government