Tag: blacklist

U.S. Treasury Blacklists Cryptocurrency Addresses of Drug Traffickers

  • Three Chinese nationals and a number of Bitcoin addresses have been added to the U.S. SDN list for drug trafficking.
  • Individuals added to the list could face $1.1 million fine per violation, a $5 million criminal penalties fine, and up to 30 years in prison.

Major Crypto Traders Propose the Establishment of Industry Blacklist

  • A group of major cryptocurrency trading firms is considering the creation of a blacklist of entities engaged in nefarious activities in the space.
  • A community-wide effort to improve compliance standards would prevent liabilities that might stem from trading with bad actors or dealers that trade with bad actors.