Home > Information news > US Sanctions Target Crypto Addresses Tied to Russian Drone Manufacturer: Impact on Bitcoin (BTC) and Ethereum (ETH)

US Sanctions Target Crypto Addresses Tied to Russian Drone Manufacturer: Impact on Bitcoin (BTC) and Ethereum (ETH)

Release: 2024/05/04 20:31 Reading: 783

Original author:CO NEWS

Original source:https://coinmarketcap.com/community/articles/6633e053e0331141deaf6594

US Sanctions Target Crypto Addresses Tied to Russian Drone Manufacturer: Impact on Bitcoin (BTC) and Ethereum (ETH)

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The US Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on crypto addresses linked to Russian drone maker OKO Design Bureau.

The developer of OKO Design Bureau, along with three crypto addresses associated with the firm, has been added to the Specially Designated Nationals (SDN) list.

The sanctions are part of efforts to limit Russia's access to the global financial system and disrupt its influence in the war against Ukraine.

The US Treasury's OFAC has sanctioned crypto addresses linked to Russian drone maker OKO Design Bureau, highlighting the increasing use of cryptocurrency in evading international sanctions.

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