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Policy & Regulation

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…

Policy & Regulation

FATF Aids Industry With List of Red Flags for VASPs, Underscoring Importance of Blockchain Analysis

Last week, FATF released a document for financial regulators and enforcement agents listing several red flags in cryptocurrency transactions and…

Policy & Regulation

Singapore Bolsters New Cryptocurrency Regulations with Guidance for Businesses

In January 2020, Singapore’s Payment Services Act (PSA) came into effect. It’s the nation’s first law providing a legal definition…

Policy & Regulation

Chainalysis in Action: Justice Department Demands Forfeiture of 280 Cryptocurrency Addresses Associated with North Korea Exchange Hackers

Today, the U.S. Department of Justice (DOJ) unsealed a civil forfeiture complaint against the holders of 280 cryptocurrency addresses involved…

Policy & Regulation

Breaking Down the OCC’s Cryptocurrency Custody Announcement

Last week, the United States’ Office of the Comptroller of the Currency (OCC) announced that national banks can provide cryptocurrency…

Policy & Regulation

FATF’s 12-Month Virtual Asset Review: Substantial Progress and Need for Greater Consistency

This week, the Financial Action Task Force (FATF) published its 12-month review of the progress made by both the public…

Policy & Regulation

Cryptocurrency Exchange Compliance: A Guide to Security and Compliance for Crypto Businesses

As the number of cryptocurrency users continues to increase and financial institutions like JP Morgan warm up to the industry,…

Policy & Regulation

Links Virtual Session Recap: Ken Blanco on the State of Cryptocurrency Regulation

Our Links Virtual series continued last week, with FinCEN Director Ken Blanco joining Chainalysis Global Head of Policy Jesse Spiro…

Policy & Regulation

Japan’s Cryptocurrency Regulation Updates: What You Need to Know

Starting on May 1, Japan began enforcing a slew of new cryptocurrency regulations recently passed as updates to existing laws.…

Policy & Regulation

Libra’s New White Paper Makes Big Strides for Compliance. Here’s Why That Matters for Cryptocurrency.

Last week, the Libra Association released version 2.0 of the Libra white paper, which contains several important updates addressing many…

Policy & Regulation

Risk Benchmarking for Cryptocurrency Businesses Now Available in Chainalysis Kryptos

One of our core beliefs at Chainalysis is that for cryptocurrency to keep growing, it needs to become safe enough…

Policy & Regulation

New OFAC Sanctions and DOJ Complaint for North Korea-Linked Cryptocurrency Laundering Scheme: What You Need to Know

Earlier this week, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals, Tian Yinyin and Li…