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This week, the US Department of Justice (DOJ) issued a press release announcing that Michael Stollery, ”
According to reports this week, two major US cryptocurrency exchanges may be under investigation by government agencies. One report notes that, according to sources, a major US exchange is being investigated by the US Securities and Exchange Commission (SEC) in connection with certain cryptocurrency tokens listed on the exchange. Another report details the reported investigation of another major US cryptocurrency exchange by the US Treasury Department’s Office of Foreign Assets Control (OFAC). According to reports, OFAC’s investigation is related to alleged sanctions violations involving exchange customers in Iran, Syria and Cuba.
In the latest development, blockchain analytics company Chainalysis has published The Chainalysis 2022 State of Cryptocurrency Investigation Survey. The survey surveyed a population of public sector employees on topics related to the success and challenges of cryptocurrencies. Among other things, survey respondents shared the following sentiments: (1) cryptocurrency will advance the financial system in a positive way; (2) cryptocurrency is widespread in various types of crime, including narcotics, fraud, theft and cybercrime; (3) accurate data, transaction visualization and critical training for effective use of blockchain analytics tools; and (4) 74 percent indicated government agencies are not currently well-equipped to investigate cryptocurrency-related crimes.
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