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How US authorities are using old AML tools to crack down on crypto
24.10.2020
With new changes to the Travel Rule up for discussion and a bevy of new cases in the courts, it's time to look at how U.S. AML law is shifting to cope with crypto
Cybercrime task force monitoring the global digital financial system
24.10.2020
Regulators are addressing the growing threat of transnational cybercrimes in the financial industry
Law Decoded: Government sandboxes, test beds and crypto compromises
23.10.2020
These week's news highlighted how governments test new regimes for cryptocurrency, which can be slow but is certainly some kind of progress
DOJ’s Crypto Framework Is ‘a Complete Disaster’ for Digital Privacy Rights
22.10.2020
The U.S. Department of Justice's enforcement framework may pose a serious threat to the digital privacy rights of crypto users
Bitmex Fast-Tracks KYC Program as Regulators Tighten Screws on Anti-Money Laundering Rules
22.10.2020
Bitmex said Wednesday that it is fast-tracking its user verification program in order to comply with regulatory requirements. Users must now be fully verified by Nov. 5, 2020 “to continue trading on the platform,” it said. In a statement, the crypto derivatives exchange stated that...
Payments Giant Paypal Says Its Customers Can Now Buy and Sell Bitcoin
21.10.2020
Payments giant Paypal says its customers can now buy, sell and hold bitcoin and other virtual coins with the company’s online wallets. The company also says its customers will able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021. A report...
The US Crypto Enforcement Framework Is a Warning to International Exchanges
14.10.2020
The U.S. Department of Justice’s cryptocurrency enforcement framework is a warning shot to exchanges worldwide: Comply with U.S. law or face the potential wrath of the federal government
BitMEX operator hires chief compliance officer amid US criminal charges
12.10.2020
The hire comes after BitMEX's founders were charged with failing to prevent money laundering and operating an unregistered trading platform illegally in the United States
Data encryption a threat to fighting child sexual abuse, says DOJ
11.10.2020
The department, along with other international agencies, alleged end-to-end encryption can create “severe risks to public safety.”
Law Decoded: Police and thieves on their screens, Oct 2–9
9.10.2020
The Department of Justice made headlines in crypto and elsewhere, leading a week of law enforcement locking down around the world
Community reacts to new DoJ crypto enforcement guidelines
9.10.2020
The DoJ’s guidance around cryptocurrency enforcement, that cites "crime" and "criminals" 168 times, has been poorly received
The DOJ’s ‘Crypto Enforcement Framework’ Argues Against Privacy Tools and for International Regulation
8.10.2020
The Justice Department's new crypto enforcement framework lays out its case for prosecuting alleged crimes around the world while taking aim at privacy-enhancing tools
DOJ states it has jurisdiction over foreign crypto companies that touch US servers
8.10.2020
The US government says they have broad extraterritorial jurisdiction over crypto-related businesses
DOJ says use of privacy coins is 'indicative of possible criminal conduct'
8.10.2020
Privacy coins are getting more attention than ever from the U.S. government
US attorney general releases guidelines for enforcing crypto laws
8.10.2020
Regulation and guidance continue to come in hot from the land of the free
Bitmex CEO Hayes Steps Down Following U.S. Criminal Charges
8.10.2020
Arthur Hayes, chief executive officer of bitcoin derivatives exchange Bitmex, is stepping down from his position a week after U.S. prosecutors filed criminal charges against him. Hayes is leaving together with other top executives who are facing similar charges. The company announced on Thursday...
‘It’s Something We’re Studying’: Deputy Treasury Secretary Discusses US CBDC Plans
7.10.2020
“It’s something we’re studying … this is really a decision which sits as much with the Fed as it does with Treasury,” said Deputy Secretary Justin Muzinich
John McAfee Arrested, Indicted for $23 Million Illegal Crypto Pumping and Tax Evasion in US
6.10.2020
John McAfee has been arrested and indicted for tax evasion, the U.S. Department of Justice announced. The cybersecurity entrepreneur has also been charged with fraudulently pumping cryptocurrencies by the U.S. Securities and Exchange Commission. McAfee Fraudulently Pumped Tokens The U.S. Department...
OFAC Warns Americans Against Facilitating Ransomware Payments
5.10.2020
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently issued an advisory highlighting the sanctions risk American citizens face if they help facilitate ransomware payments. In the advisory, the OFAC says it will “continue to impose sanctions on those...
While Darknet Users Search for New Markets, Global Law Enforcement Reveals Mass Arrests
5.10.2020
During the last month since the fall of Empire Market, darknet market (DNM) patrons have been migrating to alternative markets. Meanwhile, global law enforcement recently arrested 179 individuals tied to DNMs and seized over $6.5 million in cryptocurrency and cash proceeds. It hasn’t been...