Course Duration: 12 minutes
Course Points: 10
In this month’s Crypto Update, Calvin Koo, Cross-Border Disputes and Investigations Lawyer, Kobre & Kim LLP provides an update on sanctioning of Tornado Cash by the Office of Foreign Assets Control (OFAC). Calvin discusses the U.S. Department of Justice’s report on “The Role of Law Enforcement in Detecting, Investigating, and Prosecuting Criminal Activity Related to Digital Assets”, which focuses on the criminal uses of cryptocurrencies. He rounds up the update by sharing recent cryptocurrency regulatory actions across the globe.
The key topics covered in this update are:
- Coinbase’s take on sanctioning of Tornado Cash by OFAC
- U.S. Department of Justice’s report: Illegal use of cryptocurrencies, challenges and call for action
- Creation of Digital Asset Coordinator role by U.S. Department of Justice
- Securities and Exchange Commission (SEC) Chairperson Gensler’s recent statements regarding SEC and the Commodities and Futures Commission (CFTC)
- Recent OFAC sanctions
- Recent activity of the Monetary Authority of Singapore