Cryptocurrency OFAC

A virtual currency is a digital representation of value only available in electronic form . It is stored and transacted through designated software, mobile, or computer applications. Transactions involving virtual currencies occur through secure, dedicated networks or over the Internet.

Unlike dollar bills and coins, cryptocurrencies are not issued or backed by the U.S. government or any other government or central bank.

A digital currency address is an alphanumeric identifier that represents a potential destination for a digital currency transfer . A digital currency address is associated with a digital currency wallet.