Jessie Liu, accomplice at Skadden and the previous US lawyer for the District of Columbia, headed up the group that has prosecuted what some imagine is the best variety of cryptocurrency crimes worldwide — Welcome to Video, Darkish Scandals, Helix, North Korea, Hamas/Al Qaeda and ISIS. On this episode, she discusses:
how she got here to create a Menace Finance Unit that focuses on the intersection of cybercrime that threatened nationwide safety
what the DOJ’s new cryptocurrency enforcement framework means and what the importance is of the framework
what elements of the framework crypto startups ought to take note of
whether or not the DOJ will proceed to behave in live performance with different businesses, because it did just lately with its indictment of 4 executives at cryptocurrency derivatives change BitMEX along side an enforcement motion by the CFTC in opposition to the identical change
how DOJ can declare jurisdiction over exchanges situated outdoors the US, on a sensible degree, go after entities situated outdoors
how the FATF international requirements will have an effect on enforcement within the US
the DOJ’s stance towards “anonymity-enhanced” cryptocurrencies, or privacy-preserving cash
the DOJ’s disagreement that EU’s privateness legislation, GDPR, can be utilized by some crypto exchanges to maintain the DOJ from acquiring information from these exchanges
how keen international nations are to coordinate with US legislation enforcement and whether or not cryptocurrency criminals might interact in jurisdictional arbitrage
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Crypto.com: http://crypto.com
Episode hyperlinks:
Jessie Liu: https://www.linkedin.com/in/jessie-k-liu/
Skadden bio: https://www.skadden.com/professionals/l/liu-jessie
Press launch 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/web page/file/1326061/obtain
Unchained podcast about FATF guidelines: 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
Hyperlinks from information recap:
https://unchainedpodcast.com/bitcoin-whale-rocket-chart
