OFAC

OFAC Targets Kyrgyz Crypto Firms Over Russian Stablecoin Activity

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US Cabinet The Foreign Assets Control Office has added many of Kyrgyzstan -based companies to its sanctions list about its participation with the Robled Stablecooin called A7A5. The authorities accuse companies, including A7 LLC, the old vector, and subsidiaries like A7 agent, to help Russia avoid economic restrictions related to its war in Ukraine. These … Read more

US Treasury Removes Tornado Cash From OFAC Sanctions List

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US Treasury Removes Tornado Cash From OFAC Sanctions List

The Treasury Department raised Tornado cash sanctions, the intelligent contract mixer based on Ethereum, following a series of legal defeats and administrative challenges. “On the basis of the revision of the administration of new legal and political issues raised through the use of financial sanctions against the financial and commercial activity that occur within the … Read more