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Policy & Regulation

Policy & Regulation

Everything You Need to Know About OFAC’s New Sanctions Guidance for Cryptocurrency Businesses

On October 15, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) released Sanctions Compliance Guidance for…

Policy & Regulation

OFAC Highlights the Importance of Ransomware Prevention & Reporting in Latest Advisory

On Tuesday, September 21, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an updated advisory…

Policy & Regulation

Chainalysis in Action: OFAC Sanctions Russian Cryptocurrency OTC Suex that Received Over $160 million from Ransomware Attackers, Scammers, and Darknet Markets

Want to learn more about the sanctions against Suex and what this means for the larger fight against ransomware? Watch…

Policy & Regulation

Not All Blockchain Analysis Providers Are the Same and Other Insights from FATF’s Second 12-Month Review

The Financial Action Task Force (FATF) is the inter-governmental body that sets global standards relating to anti-money laundering and combating…

Policy & Regulation

FATF’s Proposed Updated Guidance for Cryptocurrency Regulation: Everything You Need to Know

On March 19, 2021, the Financial Action Task Force (FATF) released proposed updates to its 2019 guidance for how member…

Policy & Regulation

U.S. Government Targets Russian Influence Operations with Cryptocurrency Nexus

Today, in coordination with the issuance of a new Executive Order and a six-count federal indictment from the Department of…

Policy & Regulation

15% of All Ransomware Payments Made in 2020 Carried a Risk of Sanctions Violations

Last week, the United States sanctioned several groups and individuals due to their association with disinformation campaigns coordinated by the…

Policy & Regulation

Notabene and Chainalysis Partner to Bring Scalable Travel Rule Solution to Cryptocurrency Businesses

Cryptocurrency businesses are working hard to meet new regulatory requirements regarding counterparty risk. Perhaps the most notable of these requirements…

Policy & Regulation

Chainalysis’ Formal Response to Treasury’s Proposed Rules Regarding Unhosted Cryptocurrency Wallets

In December, the U.S. Department of the Treasury submitted a Notice of Proposed Rulemaking (NPRM) to the Federal Register that…

Policy & Regulation

What You Need to Know About Treasury’s 72-page NPRM for Transactions with Unhosted Wallets and Certain Foreign Jurisdictions

On Friday evening, the U.S. Department of the Treasury submitted a Notice of Proposed Rulemaking (NPRM) to the Federal Register…

Policy & Regulation

Indirect Exposure: Why You Need to Look Beyond Direct Counterparties to Understand Cryptocurrency Address Risk

In blockchain analysis, the best way to assess the risk of a cryptocurrency address or group of linked addresses (e.g.,…

Policy & Regulation

DeFi Regulation: With Rapid Growth, Regulatory Status and Compliance Requirements Remain Unclear

DeFi’s extraordinary growth has been one of cryptocurrency’s biggest stories of 2020. The total value received by DeFi protocols has…

Policy & Regulation

FinCEN’s $60 Million Helix Fine Reveals how Regulators May Enforce Law on Mixers Moving Forward

This past Monday, October 19, 2020, FinCEN announced a $60 million civil fine against Larry Dean Harmon, operator of cryptocurrency…

Policy & Regulation

Banks Need to Understand Their Cryptocurrency Exposure Even If They Don’t Take Custody of Cryptocurrency

Recent developments in the United States suggest regulators are preparing for continued digital asset adoption, and expecting financial institutions to…

Policy & Regulation

Crypto Ransomware Payments Involve Regulatory Risk. Here’s What You Need to Know.

On Thursday, two bureaus within the U.S. Department of the Treasury– the Office of Foreign Assets Control (OFAC) and the…