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Department of the Treasury Sanctions Cambodian Senator Accused of Running Crypto Scams

Department of the Treasury Sanctions Cambodian Senator Accused of Running Crypto Scams

The financial intelligence and enforcement agency of the U.S. Treasury Department is announcing sanctions against a Southeast Asian lawmaker and businessman. The Treasury Department’s Office of Foreign Assets Control (OFAC) says it has sanctioned Cambodian senator and tycoon Ly Yong Phat as well as his businesses L.Y.P. Group and O-Smach Resort over alleged involvement in […]

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Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

U.S. Treasury Sanctions Three Ethereum (ETH) Wallets With Ties to North Korean Hacker Group

U.S. Treasury Sanctions Three Ethereum (ETH) Wallets With Ties to North Korean Hacker Group

The U.S. Department of the Treasury is sanctioning three Ethereum (ETH) wallets connected to the North Korean hacking group reportedly behind last month’s Ronin Network attack. According to a new tweet by the Treasury Department, the Office of Foreign Assets Control (OFAC) is adding three ETH addresses associated with the North Korean Lazarus Group to […]

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Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

US Sanctions Bitriver, Targets Russia’s Crypto Mining Potential

US Sanctions Bitriver, Targets Russia’s Crypto Mining PotentialIn an attempt to deny Russia opportunities to evade sanctions through cryptocurrencies, the U.S. Department of the Treasury has sanctioned leading Russian mining firm Bitriver. The move comes amid concerns that Moscow may use the minting of digital coins to monetize its energy resources. Zug-Based Bitriver and Its Russian Subsidiaries Blacklisted by United States The […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Treasury Secretary Yellen Says Crypto Regulation Should Support Responsible Innovation, Manage Risks

Treasury Secretary Yellen Says Crypto Regulation Should Support Responsible Innovation, Manage RisksTreasury Secretary Yellen says the regulatory frameworks for crypto assets in the U.S. should “support responsible innovation while managing risks.” She emphasized, “Regulation should be based on risks and activities, not specific technologies.” Treasury Secretary Yellen on Crypto Regulation U.S. Treasury Secretary Janet Yellen talked about crypto regulation Thursday at American University’s Kogod School of […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

US Treasury Official: We Don’t See That Crypto Could Be Used in Large-Scale Way to Evade Sanctions

US Treasury Official: We Don’t See That Crypto Could Be Used in Large-Scale Way to Evade SanctionsThe U.S. Department of the Treasury does not see that cryptocurrency could be used in a large-scale way to evade sanctions. “Its share as a medium for illicit finance is not anywhere as large as just using cash,” a senior Treasury official noted. Treasury Department’s View on Crypto Use to Evade Sanctions Nellie Liang, Treasury […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

US Treasury Launching Cryptocurrency Awareness Program

US Treasury Launching Cryptocurrency Awareness ProgramThe U.S. Department of the Treasury is launching a cryptocurrency awareness program. “We’re just trying to raise awareness without trying to stamp out new technology and new innovation,” said an official of the Treasury. Treasury’s Efforts to Raise Crypto Awareness The U.S. Department of the Treasury is launching an initiative to raise awareness about cryptocurrency […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

FinCEN Names Misuse of Cryptocurrencies a National Priority

FinCEN Names Misuse of Cryptocurrencies a National PriorityThe Financial Crimes Enforcement Network (FinCEN) has named “cybercrime, including relevant cybersecurity and virtual currency considerations” a national priority. In particular, the Treasury is concerned about the “misuse of virtual assets that exploits and undermines their innovative potential, including through laundering of illicit proceeds.” FinCEN, a bureau of the U.S. Department of the Treasury, published […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States