United States of America: Issued ruling in OFAC investigation into Cryptex for allegedly faciliating cybercrimes
Description
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…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Prohibition of goods and services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government