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Policy & Regulation

Policy & Regulation

FATF’s Updated Guidance Tells Regulators to Focus on Business Models Over Technology and Terminology

On October 28, 2021, the Financial Action Task Force (FATF) released its updated guidance for how member jurisdictions should regulate…

Policy & Regulation

How Governments Regulate Cryptocurrency

In the early days of blockchain technology, cryptocurrencies operated in a gray area of the economy. But as financial institutions…

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…