These sanctions screening tools will make it easy for developers of decentralized web3 protocols like DEXs, DeFi platforms, DAOs, and DApps, as well as anybody working with cryptocurrencies, to verify that they aren’t interacting with cryptocurrency addresses related to sanctioned entities.
They’re releasing two new tools for sanctions data: an API that will be available next month and an on-chain oracle that is now available.
The company is developing technologies to make it easy for any organization to include cryptocurrency sanctions screening into their current processes, including:
If an address is on OFAC’s Specially Designated Nationals (SDN) list, it is considered to be on the sanctions list. Any new crypto addresses found on an EVM chain that is included on economic or trade embargo lists will be added to these solutions.
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