SPB Exchange News: OFAC License No. 76A Expired
OFAC General License No. 76A Expired
The main SPB Exchange news now is that OFAC General License No. 76A expired on January 31, 2024. From the date the SPB Exchange was added to the US sanctions list—OFAC SDN List —on November 2, 2023, until January 31, 2024, this license allowed anyone conducting transactions with the SPB Exchange to perform operations necessary to complete deals related to...
SPB Exchange Added to OFAC SDN List: What’s Next?
Introduction
As of November 2, 2023, the SPB Exchange found itself on the OFAC SDN List . This listing translates to a freezing of SPB Exchange assets under the control of any US organization or individual. Moreover, it enforces a comprehensive ban on any future USD transactions involving this organization. As is often the case in situations involving entities on the OFAC sanctions list,...