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…
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…
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…
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…
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…
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…
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…
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…
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,…
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…
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.…
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…
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…
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…
What European Cryptocurrency Exchanges Need to Know about 5AMLD
Europe rang in the new year by bringing its fifth Anti-Money Laundering Directive (5AMLD) into force. Per the European Union’s…