Policy & Regulation
What FATF’s Report on Recommendation 15 Means for Regulators & Private Sector
On March 28, 2024, the global money laundering and terrorist financing watchdog, Financial Action Task Force (FATF), published a table…
DeFi Regulation: Practical Next Steps to Make the Industry Safer
How Decentralized Finance (DeFi) should be regulated is part of a broader debate about how we control technologies that operate…
An update on the UK’s Economic Crime and Corporate Transparency Act (ECCT)
The story of cryptocurrency in the United Kingdom is one of evolving scrutiny and growing recognition that regulatory and legislative…
IRS Update: U.S. Proposed Tax Regulations Outline Information Reporting Obligations for Crypto Exchanges and Others
Roger M. Brown is the Global Head of Tax Strategy at Chainalysis. On August 25, 2023, the U.S. Internal Revenue…
The MiCA Marathon: Are we reaching the finishing line?
Today, the EU Parliament voted to pass MiCA - the first comprehensive, EU-wide rules for crypto asset service providers and different crypto assets (including stablecoins).
The Current State of Central Bank Digital Currencies (CBDCs) in 2023
Blockchain technology has made digital payments faster and easier than ever, and allowed for the proliferation of new cryptocurrencies for…
Ambition to Action: The UK as a Digital Asset Hub in 2023
In April 2022, the UK Government and then Chancellor Rishi Sunak first stated the ambition “to turn the UK into…
OFAC Sanctions Internet-based Suppliers of Illicit Fentanyl and Other Synthetic Drugs
Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three individuals and nine entities associated…
The Opportunity Before Congress on Crypto Legislation
Our comprehensive look at crypto legislation and what we might expect in the coming months or in the soon-to-be-elected 118th Congress.
Reporting Obligations of the OECD Crypto Asset Reporting Framework
The OECD recently published their framework designed to help tax authorities administer tax rules when taxpayers invest in Crypto-Assets outside…
The EU Crypto Regulation Marathon: Another Step Closer to the Finish Line
On 10 October, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) voted to support the MiCA (Markets in…
Breaking Down the White House Framework on Crypto
The White House recently released their first-ever framework on digital assets. We're breaking it down in this blog post.
OFAC Sanctions Iranian Nationals For Their Role in Cyber Attacks, Including Ransomware
Yesterday, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) added ten Iranian nationals and two businesses to its Specially…
Understanding Tornado Cash, Its Sanctions Implications, and Key Compliance Questions
The crypto mixer Tornado Cash is a decentralized, non-custodial smart contract. This makes sanctions compliance complicated—here's why.
Crypto Mixers and AML Compliance
In this article, we explain: what crypto mixers are, how they work, and whether they're compliant with anti-money laundering regulations.