Treasury designates Xinbi Guarantee and two app providers
Three entities are now blocked.
The Office of Foreign Assets Control designated Xinbi Guarantee and software providers SafeW Technology and Anwen Technology, Treasury said Wednesday. Treasury says Xinbi operates a Chinese language marketplace used by scam operators and money laundering networks.
The department says the marketplace processed more than $24bn in digital assets and fiat currency from about 2022. It identifies SafeW as the developer of encrypted messaging software used by Xinbi and Anwen as the developer of its XinbiPay wallet.
Property and interests in property of the three entities that are in the United States or controlled by U.S. persons are blocked. The same rule generally reaches entities they own at least 50 percent.
The document: Treasury press release SB0624, September 9, 2026.

