Tagged: ofac

Agencies within the US Justice and Treasury Department are Seeking Millions of Dollars in Funding to Oversee the Cryptocurrency Industry

Federal agencies and departments established within the US Justice Department and the Treasury Department are reportedly requesting that millions of dollars be allocated to support their oversight and enforcement efforts related to the cryptocurrency industry. US President Donald Trump’s administration introduced its $4.8 trillion budget… Read More

US Treasury Department Sanctions First Bitcoin Addresses

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned the Bitcoin addresses of two Iranians the office says processed Bitcoin ransoms on behalf of Iranian hackers who targeted government and business sites in the US and Canada. Anyone who does… Read More

Report Indicates US is Confiscating Bitcoin Held by Iranians

  A report in Ibena from last week indicates that the US government is confiscating Bitcoins held by Iranians and the confiscation is ongoing. According to Sepehr Mohammadi from the Iranian Blockchain Community, the US has seized 500 bitcoins or more. In May of this year,… Read More

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