Are a raft of recent FUD events coincidental, or are global authorities targeting unregulated crypto exchanges? The mood of fear, uncertainty and doubt, otherwise known as FUD, that has gripped some of the largest cryptocurrency exchanges since October heightened last week — and it had nothing to do with the United States presidential election. “Weird […]
Continue Reading
With the election taking all the air out of the room, we look at what new appointments at the DoJ could mean. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note Are you over the election? I’m over the election. But you can […]
Continue Reading
The government of Brazil requested assistance from US authorities regarding a crypto fraud scheme called “Operation Egypto.” According to a Wednesday filing, the U.S. Justice Department seized $24 million in virtual currency pursuant to an official request from the Brazilian government. The Department of Justice, or DoJ, said that the government of Brazil requested its […]
Continue Reading
Monopolizing a market is legal in some instances, but not others. The United States Department of Justice is filing suit against Visa for its acquisition of Plaid, which the DoJ argues is an illegal play to achieve monopoly. According a complaint filed by the DoJ on Wednesday: “Visa seeks to buy Plaid — as its CEO […]
Continue Reading
The move follows widespread crackdowns by the DoJ on crypto. In a filing from Wednesday, the Department of Justice asked to seize $1 billion from an unnamed hacker. Specifically, the DoJ is asking the court of the Northern District of California to lock down on: “Approximately 69,370.22491543 Bitcoin (BTC), Bitcoin Gold (BTG), Bitcoin SV (BSV), […]
Continue Reading
The U.S. Department of Justice has articulated its digital enforcement strategy, putting the crypto community on notice. The United States Attorney General’s Cyber-Digital Task Force recently unveiled the result of its months-long effort to evaluate emerging cryptocurrency-related threats and articulate law enforcement strategies for countering them. The resulting guidance leaves the reader with an impression […]
Continue Reading
The age-old question quis custodiet ipsos custodes crops up in force in today’s Law Decoded. The United States is girding its loins for an election that has cast a pall over a far longer timeframe than we ever should have let it. But, then again, what did you expect when so many people spent so […]
Continue Reading
U.S. regulator’s growing distrust in tech companies is not stopping them from extending their services into the crypto industry. As technology titans in the United States capture a larger part of their industries and beyond, regulators and governments have become increasingly concerned about their extensive power and influence. Indeed, Facebook, Twitter and Google’s parent company […]
Continue Reading
U.S. authorities want information from Bain & Co about Visa’s Plaid acquisition. The U.S. Department of Justice, or DoJ, recently publicized an investigation into Visa’s ongoing acquisition of fintech company Plaid. “Today, the Department of Justice filed a petition in the U.S. District Court for the District of Massachusetts to enforce Bain & Company’s compliance […]
Continue Reading
With new changes to the Travel Rule up for discussion and a bevy of new cases in the courts, it’s time to look at how U.S. AML law is shifting to cope with crypto. The ease of laundering money in the U.S. before 1970 boggles the mind. Prior to the Bank Secrecy Act (BSA) of […]
Continue Reading