Increased Enforcement and Regulation of Crypto

Cryptocurrency has been at the forefront of debate between various law enforcement and regulatory efforts to impose stricter controls and regulations and those who view it as a form of currency that should not be closely regulated. Within the past two weeks, both the SEC and the Treasury Department have defended their enforcement actions [...]

By |2024-04-10T17:36:52-04:00April 10th, 2024|Crypto, Federal Plea & Sentencing Mitigation, Fraud Charges, Money Laundering, Securities Fraud|Comments Off on Increased Enforcement and Regulation of Crypto

Increased Federal Enforcement and Regulation of Crypto

Federal regulatory and law enforcement agencies have been redirecting and expanding their resources to investigate and combat frauds involving crypto and other digital platforms. The SEC recently requested $200M from Congress to hire additional 170 new employees, many to focus on crypto-related cases.  These new hires will include lawyers in the Division of Enforcement’s [...]

By |2024-02-15T11:02:37-04:00April 28th, 2023|Crypto, Federal Computer Fraud and Abuse, Money Laundering, Securities Fraud, Theft/Embezzlement|Comments Off on Increased Federal Enforcement and Regulation of Crypto

Government Prosecution of Bitcoin Purchases and Transfers

In their simplest form, Bitcoin and other virtual currencies are digital representations of value that can be traded through an exchange and stored in digital wallets secured by 26-35 character long case sensitive account numbers that require a private key, similar to a password or pin to access.  Virtual currency is not legal tender issued or guaranteed by any government. Rather, its value is determined by consensus within a community of users. Since these transactions are done on the internet and through exchanges using cash, wire transfers, or credit cards to a host of web-based businesses, the purchasers’ identities and source of funds are more difficult to uncover.

By |2024-02-15T11:05:32-04:00March 4th, 2019|Crypto, Money Laundering|0 Comments
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