On March 26, 2024, the U.S. Department of Justice (“DOJ”) unsealed an indictment against prominent cryptocurrency exchange KuCoin and two of its founders, Chun Gan and Ke Tang. The DOJ charged the exchange and its founders...more
On November 21, 2023, The U.S. Department of Justice (“DOJ”) announced settlement agreements with Binance Holdings Limited (“Binance”), the world’s largest cryptocurrency exchange, and Changpeng Zhao (affectionally known as...more
12/12/2023
/ BSA/AML ,
CFTC ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Financial Services Industry ,
Financial Transactions ,
FinCEN ,
FinTech ,
Guilty Pleas ,
International Emergency Economic Powers Act (IEEPA) ,
Money Transmitter ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Settlement ,
Statutory Violations
On Friday March 12, Bloomberg News reported that the Commodity Futures Trading Commission (“CFTC”) has opened an inquiry into Binance Holdings Ltd. (“Binance”) to investigate allegations that the exchange allowed US citizens...more
3/16/2021
/ Bitcoin ,
CFTC ,
Crypto Exchanges ,
Cryptocurrency ,
Derivatives ,
Digital Currency ,
Enforcement Actions ,
Investigations ,
Know Your Customers ,
Popular ,
Trading Platforms ,
Virtual Currency
DOJ’s Cyber Digital Task Force’s report, “Cryptocurrency: An Enforcement Framework,” provides a comprehensive on the growing partnerships between DOJ and other offices within the executive branch....more
11/3/2020
/ BitMEX ,
CFTC ,
Compliance ,
Corruption ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Financial Crimes ,
Financial Transactions ,
FinCEN ,
Foreign Corrupt Practices Act (FCPA) ,
Initial Coin Offering (ICOs) ,
IRS ,
Know Your Customers ,
Money Laundering ,
OCC ,
Popular ,
Securities and Exchange Commission (SEC) ,
Virtual Currency ,
White Collar Crimes
Earlier this month, the Department of Justice (“DOJ”), through its Cyber Digital Task Force (hereinafter the “Task Force”), published its 83-page crypto guidance report titled “Cryptocurrency: An Enforcement Framework.”...more
11/3/2020
/ CFTC ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Financial Action Task Force ,
Financial Crimes ,
FinCEN ,
IRS ,
Mail Fraud ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Virtual Currency ,
Wire Fraud
Just this month, former CFTC Chairman Timothy G. Massad released a report through the Brookings Institution entitled “It’s Time to Strengthen the Regulation of Crypto-Assets.” ...more
3/26/2019
/ Bitcoin ,
CFTC ,
Compliance ,
Cryptoassets ,
Cryptocurrency ,
Cyber Attacks ,
Ethereum ,
Financial Markets ,
Investment Opportunities ,
Regulatory Agenda ,
Regulatory Oversight
The world is abuzz about cryptocurrency. By this point, most everyone has heard of Bitcoin, and may even know about some of the other big players in the world such as Ethereum, Ripple, Litecoin, and countless others. The...more
3/8/2018
/ Bitcoin ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Initial Coin Offering (ICOs) ,
Securities and Exchange Commission (SEC) ,
Technology Sector ,
Token Sales ,
Virtual Currency