Cryptoassets: OFSI’s Sanctions Threat Assessment

The UK has a number of sanctions that can be engaged by crypto-related activities. Most notably, its asset freeze restrictions prohibit making funds or economic resources available to, or dealing with the funds or economic resources of, those subject to UK asset freeze measures. This means that transferring crypto-assets to, or receiving them from, designated persons can breach UK sanctions; in addition, in certain circumstances facilitating such a transfer would also breach UK sanctions….
By: Hogan Lovells