What Is OFAC And Their Role in Crypto Regulations

What Is OFAC And Their Role in Crypto Regulations

As cryptocurrency adoption accelerates across borders, businesses face a growing need to understand global regulatory obligations—especially those enforced by U.S. authorities. Among the most critical, yet often misunderstood, is the Office of Foreign Assets Control (OFAC). Whether you’re a centralized exchange, a DeFi aggregator, or an enterprise issuing tokenized assets, OFAC compliance isn’t optional—it’s foundational. […]

Ooi Sang Kuang

Chairman, Non-Executive Director

Mr. Ooi is the former Chairman of the Board of Directors of OCBC Bank, Singapore. He served as a Special Advisor in Bank Negara Malaysia and, prior to that, was the Deputy Governor and a Member of the Board of Directors.

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