On November 28, 2018, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published two new Frequently Asked Questions (FAQs) relating to virtual currency.
The new information provided in the FAQs addresses:
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How to block digital currency; and
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Whether an institution may inform a customer that it blocked the customer’s access to digital currency.
The new FAQs may be found here, part of an 8-question series regarding virtual currency:
https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_compliance.aspx#646