U.S. Department of the Treasury's Office of Foreign Assets Control Investigates Coinbase for Public Disclosure

According to the Wall Street Journal, the cryptocurrency exchange Coinbase can access its services from black individuals, entities or courts in the United States, and Coinbase has reported these activities to government agencies. . Coinbase said it sent public information to the US Treasury Department's Office of Foreign Assets Control (OFAC) or responded to reports from subsequent officials. OFAC is responsible for administering US sanctions. The company said it had "failed" to block transactions with certain individuals, businesses or entities due to the nature of blockchain technology and Coinbase services. A Coinbase spokesperson is currently declining to comment and the treasurer was not immediately available for comment.