3 ms·
$400,000 worth of eth isn't "nominal" though.
by treis 4y ago
$400,000 worth of eth isn't "nominal" though.
- A4ET8a8uTh0 4y agoYeah and that is why I think they may end up having to report it to OFAC anyway and keep submitting annual updates. As always, at this amount, I would consider asking a specialized attorney ( although, ever since Russia invaded Ukraine, they had their hands full ).
- kube-system 4y agoThe treasury is using "nominal" to describe what the word "dusting" means... it is when someone sends small amounts of sanctioned crypto to a bunch of accounts. This is from an FAQ article that confirms: yes, even small amounts are in violation of sanction laws. If a $5 transaction breaks the law, then $400,000 also does.