Trade and Manufacturing Monitor

News and insight from our international trade practice group
Tag: digital currency

OFAC Puts Virtual Currency Industry on Notice, Highlights Best Practices for Digital Commerce

On October 15, 2021, the Office of Foreign Assets Control (OFAC) issued an advisory providing sanctions compliance guidance for the virtual currency industry (Guidance). The Guidance follows a series of recent…

Treasury Announces A More Tailored Approach to U.S. Sanctions Policy

Yesterday, the Biden Administration released the results of a broad review of U.S. economic sanctions policy following two decades of expanding use of sanctions as a foreign policy tool. The report recognizes that U.S.…