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Two recent OFAC enforcement actions highlight real-world challenges that financial institutions and other companies may face in their efforts to implement an effective sanctions...
Described as the "Wild West" by SEC Chairman Gary Gensler, the meteoric rise of digital assets like cryptocurrencies has disrupted the traditional financial ecosystem. The wave of...
In recent years, the U.S. government has become increasingly focused on regulating the use of virtual currencies as a means of addressing a host of financial crimes and malign activities.
Bahamas CBDC Integrates with Prepaid Card, Bitcoin Donation Data Published By: A major U.S. financial services firm recently announced a collaboration with the Central Bank of The Bahamas to launch a new prepaid card to facilitate use of the Sand Dollar, a digital currency issued by the Central Bank of The Bahamas and treated the same as a traditional Bahamian dollar. The Sand Dollar became the first fully deployed digital version of a country’s fiat currency in October 2020; with the new prepaid card, Bahamians will be able to use the Sand Dollar wherever credit cards are accepted, whether...