Sanctioning a cryptocurrency protocol: What does that mean for Web3?

Oct 17, 2022

It is the first time the OFAC sanctions have been applied on a software protocol, rather than an individual or legal entity. Image: Kanchanara/Unsplash

Arushi Goel

Specialist, Data Policy and Blockchain, World Economic Forum, C4IR India

Geoffrey See

Chief Executive Officer and Co-Founder, Poko

Viraj Ananth

Legal & Policy Lead, Poko

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OFAC sanctions announcement highlights the need for the Web3 ecosystem to collectively focus on developing solutions that are preventive and curative. Image: Chainanalysis

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