The bank warns its investors that cryptocurrencies could hamper its ability to comply with anti-money-laundering regulations, among other dangers.
While a lot is still unclear about Venezuela's state-backed "petro" token, what is apparent is that many feel it's potentially harmful for its people.
Venezuela revealed a new website for its petro token, releasing its technical white paper and telling potential customers how to purchase the coin.
If OFAC turns its eye toward cryptocurrencies, it could be only a matter of time before it makes an example of one or more entities to send a message.
If the U.S. government just tries to go after each problematic example of crypto on an ad-hoc basis, it'll never get ahead of the issue.
A US think tank that advises the US government is exploring the threats bitcoin poses to national security, but also its benefits.