Tag Archives: Alert

Developer Arrested Following OFAC Sanctions of the Tornado Cash Protocol

On Aug. 10, 2022, just days after OFAC issued sanctions against virtual currency mixer Tornado Cash, Dutch authorities arrested the protocol’s alleged developer. In a press release, the Treasury Department alleged that since 2019, Tornado Cash had been used to launder more than $7 billion in cryptocurrency, including more than $455 million stolen in the … Continue Reading

Money Laundering Concerns Prompt EU Parliament to Approve Privacy-Reducing Crypto Rules

On March 31, 2022, two European Parliament committees – the Committee on Economic and Monetary Affairs and the Committee on Civil Liberties, Justice and Home Affairs (the “Committees”) – voted in favor of new rules  (the “Rules”) that would change the way cryptocurrency transactions are treated by the European Union (EU) and would require that … Continue Reading
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