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What You Need to Know About the DOJ's Cryptocurrency Enforcement Framework - Ep.147
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When? This feed was archived on July 09, 2018 00:00 (). Last successful fetch was on December 10, 2022 15:00 ()
Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.
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Manage episode 274582802 series 2039408
Jessie Liu, partner at Skadden and the former US attorney for the District of Columbia, headed up the team that has prosecuted what some believe is the greatest number of cryptocurrency crimes worldwide — Welcome to Video, Dark Scandals, Helix, North Korea, Hamas/Al Qaeda and ISIS. In this episode, she discusses:
- how she came to create a Threat Finance Unit that focuses on the intersection of cybercrime that threatened national security
- what the DOJ's new cryptocurrency enforcement framework means and what the significance is of the framework
- what parts of the framework crypto startups should pay attention to
- whether the DOJ will continue to act in concert with other agencies, as it did recently with its indictment of four executives at cryptocurrency derivatives exchange BitMEX in conjunction with an enforcement action by the CFTC against the same exchange
- how DOJ can claim jurisdiction over exchanges located outside the US, on a practical level, go after entities located outside
- how the FATF global standards will affect enforcement in the US
- the DOJ's stance toward "anonymity-enhanced" cryptocurrencies, or privacy-preserving coins
- the DOJ's disagreement that EU's privacy law, GDPR, can be used by some crypto exchanges to keep the DOJ from obtaining data from those exchanges
- how willing foreign countries are to coordinate with US law enforcement and whether cryptocurrency criminals could engage in jurisdictional arbitrage
Thank you to our sponsor!
Episode links:
Jessie Liu: https://www.linkedin.com/in/jessie-k-liu/
Skadden bio: https://www.skadden.com/professionals/l/liu-jessie
Press release about cryptocurrency enforcement framework: https://www.justice.gov/opa/pr/attorney-general-william-p-barr-announces-publication-cryptocurrency-enforcement-framework
Cryptocurrency enforcement framework: https://www.justice.gov/ag/page/file/1326061/download
Unchained podcast about FATF rules: https://unchainedpodcast.com/why-the-travel-rule-is-one-of-the-most-significant-regulations-in-crypto/
CoinDesk on how the enforcement framework is a warning shot to offshore exchanges: https://www.coindesk.com/doj-crypto-framework-warning
Links from news recap:
169 episodes
Archived series ("Inactive feed" status)
When? This feed was archived on July 09, 2018 00:00 (). Last successful fetch was on December 10, 2022 15:00 ()
Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 274582802 series 2039408
Jessie Liu, partner at Skadden and the former US attorney for the District of Columbia, headed up the team that has prosecuted what some believe is the greatest number of cryptocurrency crimes worldwide — Welcome to Video, Dark Scandals, Helix, North Korea, Hamas/Al Qaeda and ISIS. In this episode, she discusses:
- how she came to create a Threat Finance Unit that focuses on the intersection of cybercrime that threatened national security
- what the DOJ's new cryptocurrency enforcement framework means and what the significance is of the framework
- what parts of the framework crypto startups should pay attention to
- whether the DOJ will continue to act in concert with other agencies, as it did recently with its indictment of four executives at cryptocurrency derivatives exchange BitMEX in conjunction with an enforcement action by the CFTC against the same exchange
- how DOJ can claim jurisdiction over exchanges located outside the US, on a practical level, go after entities located outside
- how the FATF global standards will affect enforcement in the US
- the DOJ's stance toward "anonymity-enhanced" cryptocurrencies, or privacy-preserving coins
- the DOJ's disagreement that EU's privacy law, GDPR, can be used by some crypto exchanges to keep the DOJ from obtaining data from those exchanges
- how willing foreign countries are to coordinate with US law enforcement and whether cryptocurrency criminals could engage in jurisdictional arbitrage
Thank you to our sponsor!
Episode links:
Jessie Liu: https://www.linkedin.com/in/jessie-k-liu/
Skadden bio: https://www.skadden.com/professionals/l/liu-jessie
Press release about cryptocurrency enforcement framework: https://www.justice.gov/opa/pr/attorney-general-william-p-barr-announces-publication-cryptocurrency-enforcement-framework
Cryptocurrency enforcement framework: https://www.justice.gov/ag/page/file/1326061/download
Unchained podcast about FATF rules: https://unchainedpodcast.com/why-the-travel-rule-is-one-of-the-most-significant-regulations-in-crypto/
CoinDesk on how the enforcement framework is a warning shot to offshore exchanges: https://www.coindesk.com/doj-crypto-framework-warning
Links from news recap:
169 episodes
All episodes
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