TRM Talks

The U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) recently sanctioned cryptocurrency mixing service Tornado Cash, which has been used by North Korean cyber criminals such as state…

Over the last few years, we have seen global regulators walk a fine line as they attempt to regulate digital assets without stifling innovation even as the technology moves at the speed of the intern…

While the headlines coming out of London this week may have been related to politics, scandal, and upheaval at 10 Downing Street, financial regulators have been hard at work the last few months provi…

As global policymakers continue to build legal and regulatory frameworks for cryptocurrency, compliance professionals at cryptocurrency businesses and financial institutions are working to ensure tha…

Decentralized finance – DeFi – has created an entire on-chain Wall Street – a digital financial services industry where users engage with software called smart contracts. With DeFi, you can do most o…

We saw a series of calculated and coordinated actions leading to the takedown of Hydra, the world's largest and longest-running darknet market. In 2021, Hydra accounted for an estimated 80% of all da…

Earlier this year, President Biden signed a long-awaited crypto executive order on “Ensuring Responsible Innovation in Digital Assets (Order),” and issued this fact sheet. While regulatory agencies h…

A Decentralized Autonomous Organization (DAO) is a community-governed entity with no central authority. Imagine a corporation — made up of a network of individuals with a common interest — where the …

In April 2021, Wyoming Gov. Mark Gordon signed the state’s DAO-focused Bill 38 into law, allowing Wyoming to recognize DAOs as limited liability corporations (LLCs). The law went into effect in July …

Over the last few years, we have seen global regulators — from Singapore to Hong Kong, the U.S. to the U.K — zero in on crypto transactions. And much of that discussion has centered around one regula…

The U.S. Department of Justice (DOJ) recently announced that it has arrested and charged two individuals with laundering funds associated with the 2016 hack of cryptocurrency exchange Bitfinex. Accor…

Non-Fungible Tokens (NFTs) — unique crypto assets hashed to a blockchain — have taken the world by storm. From Cryptopunks to NBA Top Shot, Beeple to Bored Apes, NFTs have impacted sports, pop cultur…

On October 28, 2021, the Financial Action Task Force (FATF) released its Updated Guidance For A Risk Based Approach For Virtual Assets and Virtual Asset Providers (guidance or final guidance). The gu…

Todd Conklin, Counselor to the Deputy Secretary, joined a special edition of TRM Talks to announce and explain the action: "New industry-specific guidance outlines sanctions compliance best practices…

For crypto exchanges and other digital asset service providers, the nuts and bolts of a robust compliance program are many — from FinCEN to FATF, SARS to subpoenas, transaction monitoring to the trav…

Treasury officials offer additional commentary on their first crypto exchange action and advisory in an exclusive interview with TRM Labs.  

U.S. Treasury's Office of Foreign Assets Control (OFAC) too…

The U.S. Secretary of Homeland Security said recently, “As ransomware attacks continue to rise around the world, businesses and other organizations must prioritize their cybersecurity. Cybercriminals…

The FBI was created in 1908 to address fast moving technological developments of the day. That same year Henry Ford's Model T began rolling off assembly lines making automobiles affordable to the mas…

For decades, policymakers across the globe have increasingly used economic sanctions to disrupt terror networks, limit the spread of weapons of mass destruction, punish human rights violations, deter…