The US government has sought to close gaps in its sanctions program against Russia by going after blockchain and virtual currency firms it says have helped entities circumvent existing controls. The action taken yesterday by the Treasury’s Office of Foreign Assets Control (OFAC) follows a February 24 statement from the G7 leaders in which they agreed to “continue to counter, in close cooperation with third countries, any attempts to evade and circumvent our sanctions and export control measures.” A total of 13 entities and two individuals were sanctioned by the Treasury yesterday.

Source: Infosecurity