OFAC Identifies Digital Addresses as Sanctions Designations Targets Everywhere

OFAC declares cryptocurrency addresses as identifiers for designated entities. EIP-7702 proposes a standardized method for tracking sanctions on crypto assets. As of 2018, OFAC added two Iranian individuals to SDN list for SamSam ransomware scheme, including their associated bitcoin addresses. This marked the first use of crypto assets in US sanctions. (Words: 56)