Tag
ofac
4 articles
Venezuela Routes Dollar Payments Through Stablecoins as Sanctions Block Banking Access
Cut off from correspondent banking, Venezuela settles cross-border transactions in dollar-pegged stablecoins — a live test of whether blockchain rails can replace SWIFT for a sanctioned economy.
Venezuela's Dollar Ban Made Stablecoins' Best Argument
Cut off from correspondent banking and dollar settlement, Venezuela routes cross-border payments through USDT and USDC—a live test no white paper could manufacture.
OFAC Sanctions Two Iranian Firms Over Bitcoin-Denominated Hormuz Transit Fees
OFAC targeted two Iranian entities July 31, 2026, including Hormuz Safe, for demanding Bitcoin payments from vessels transiting the Strait of Hormuz.
Iran's Nobitex Exchange Serves 4.5 Million Users Despite U.S. Sanctions
The crypto platform operates through peer-to-peer trading models that circumvent traditional banking systems targeted by OFAC restrictions