Chainalysis

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Russia's recent move to legalize cryptocurrency for mining and cross-border payments marks a significant shift in policy amidst mounting pressure from Western sanctions. Signed into law by Vladimir Putin last month, this legislation is part of Russia's broader strategy to develop alternative financial streams. In our latest article, we explore: - How Russia is building infrastructure to leverage cryptocurrency for sanctions evasion - What Russia’s evolving stance might mean for crypto and the world at large - What’s next: Considerations for authorities, VASPs, and TradFi Learn more: https://lnkd.in/g4Hx6nxM

How Onyze is revolutionizing crypto custody with Chainalysis! 📚 Discover how Onyze is using Chainalysis’s blockchain analysis tools to: 🔹Meet the challenges of MiCA: Ensure full compliance with the upcoming EU crypto regulation. 🔹Provide a secure and reliable solution: Offer their banking clients a trusted platform for crypto asset management. 🔹Enhance risk management: Identify and mitigate potential risks associated with crypto transactions. Read the full case study to learn more about how Onyze is leading the way in the crypto industry. https://bit.ly/3Tj1tTH

Today, the U.S. Treasury Department designated ten individuals and two entities for facilitating a sustained effort by Russia to interfere in the 2024 U.S. presidential election by leveraging Kremlin-run media and other online platforms to target American voters with disinformation. The designation singled out: • Six employees of Russian state-media network RT, which U.S. officials see as a central actor in Russia’s propaganda apparatus • Three employees of RaHDit, a pro-Kremlin hacking group with ties to the FSB • The director general of ANO Dialog, a Russian NGO founded in 2019 by the Moscow city government that leverages AI technology in online Russian disinformation for use against election campaigns According to the designation, RT covertly recruited unwitting American influencers in support of its malign influence campaign, and used a front company to disguise its involvement and that of the Russian government in content meant to influence U.S. audiences. 🗳️🧑💻The announcement and several statements made today by senior U.S. officials come against the backdrop of recent efforts by other U.S. adversaries to interfere in the November election. Last month, in a joint statement, the FBI, ODNI, and CISA announced that Iran was behind recent efforts to target both presidential campaigns with cyber operations, a claim also detailed in a Google report. According to new research by disinformation specialists Graphika, a Chinese state-linked effort is also active in efforts to target U.S. voters through a mixture of spam and targeted propaganda aimed at spreading divisive narratives. 💻💰As we break down in our “Malign Interference and Crypto” report, crypto is a key element of state-backed mis- and disinformation efforts, including those centering around election interference. Malign influence actors in Russia and elsewhere are leveraging crypto to purchase infrastructure, finance their operations, and more. Read our report to learn about the crypto nexus to malign interference: https://lnkd.in/gWWtQj3U

“𝘞𝘦 𝘸𝘢𝘯𝘵𝘦𝘥 𝘵𝘰 𝘣𝘶𝘪𝘭𝘥 𝘢 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘸𝘩𝘦𝘳𝘦 𝘰𝘳𝘢𝘤𝘭𝘦 𝘥𝘢𝘵𝘢 𝘢𝘳𝘦 𝘤𝘭𝘰𝘴𝘦 𝘵𝘰 𝘣𝘦𝘪𝘯𝘨 𝘢𝘴 𝘴𝘦𝘤𝘶𝘳𝘦 𝘢𝘴 𝘵𝘩𝘦 𝘯𝘦𝘵𝘸𝘰𝘳𝘬 𝘪𝘵𝘴𝘦𝘭𝘧.” Hugo Philion, Co-founder at Flare Networks joins our latest 🎙️ 𝐏𝐮𝐛𝐥𝐢𝐜 𝐊𝐞𝐲 episode to dive into the #decentralized oracle ecosystem. Discover how their solution provides cost-effective and secure oracle options. 🎧 Tune in to the conversation, hosted by Ian Andrews, here: https://bit.ly/3ThPLsf

🇿🇦 Join Chainalysis for a day of crypto assets discussions, case studies, and networking in Johannesburg, on Sept. 13. 🇿🇦 The event will cover essential topics, including: 🔹 The Evolving Landscape of Crypto Regulation and Policy 🔹 Banking in the Crypto Economy: Opportunities and Challenges 🔹 The Future of Stablecoins: A Chainalysis and Tether Case Study 🔹 Global Crypto Licensing Playbooks: Case Studies and Insights 🔹 Building a Robust Crypto Compliance Framework 👉 https://lnkd.in/emDPsyEm

📣 Part 2 of our mid-year crypto crime update is here! In it, we discuss the latest trends in crypto scams, including the highest grossing scam in 2024 so far. We also examine on-chain activity related to the distribution and consumption of child sexual abuse material (CSAM), and close out the update with a deep dive on Huione Guarantee, an online marketplace recently exposed as a significant player in facilitating cybercrimes. Get a detailed analysis on our blog: https://lnkd.in/eA_rCZgx

Are you familiar with the 🌏 𝐓𝐫𝐚𝐯𝐞𝐥 𝐑𝐮𝐥𝐞? In our latest episode of 🎙️𝘗𝘶𝘣𝘭𝘪𝘤 𝘒𝘦𝘺, we explore how the Travel Rule is shaping ⚖️ regulatory landscapes around the globe. Hear from Alice Nawfal, Co-Founder and acting COO of Notabene, as she discusses with host Ian Andrews the complexities of developing solutions for seamless cross-border transactions. Discover how regulatory frameworks, such as the EU's MiCA, are set to transform institutional trust and compliance in the crypto industry. 🎧 Tune in to learn more about self-hosted wallets, counterparty risk assessments, and the challenges of interoperability in Travel Rule solutions: https://bit.ly/3Xjhj2X

Today, OFAC sanctioned nearly 400 entities in an effort to disrupt Russia's military supply chain, including KB Vostok OOO — a Russian developer known for creating UAVs deployed by Russian forces in Ukraine. In addition to soliciting cryptocurrency donations, KB Vostok is has also likely facilitated sales of drones with cryptocurrency. Learn more about this important action: https://lnkd.in/g3ZA5RFn

📣 #Crypto Policy Update: 🇦🇪On 20 August, Abu Dhabi’s International Financial Center, 𝐀𝐛𝐮 𝐃𝐡𝐚𝐛𝐢 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 (𝐀𝐃𝐆𝐌) 𝐫𝐞𝐥𝐞𝐚𝐬𝐞𝐝 𝐚 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐭𝐢𝐨𝐧 𝐩𝐚𝐩𝐞𝐫 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐢𝐬𝐬𝐮𝐚𝐧𝐜𝐞 𝐨𝐟 𝐟𝐢𝐚𝐭-𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐝 𝐭𝐨𝐤𝐞𝐧𝐬 (𝐅𝐑𝐓𝐬). FRTs are a category of stablecoins, that are referenced to a fiat currency, backed by high quality liquid assets and can be rapidly liquidated with minimal adverse price impact. What should industry players take note? 🔹𝐑𝐞𝐬𝐞𝐫𝐯𝐞 𝐚𝐬𝐬𝐞𝐭𝐬 🏦 : The paper proposes permitting composition of reserve assets to include high quality liquid assets. It also proposes a flexible approach to reserve management, permitting the issuer to set allocation limits, while ensuring that issuers maintain sufficient cash to meet redemption requests. 🔹𝐈𝐧𝐜𝐨𝐦𝐞 𝐟𝐫𝐨𝐦 𝐫𝐞𝐬𝐞𝐫𝐯𝐞 𝐚𝐬𝐬𝐞𝐭𝐬 💸: Issuers may distribute income from reserve assets to FRT holders, provided the FRTs are not marketed as investment or savings products and are in compliance with other regulatory requirements. 🔹 𝐑𝐞𝐝𝐞𝐦𝐩𝐭𝐢𝐨𝐧 🪙: FRT holders are proposed to have the right to redeem their tokens at par value on demand and can claim reserve assets if the issuer fails to meet redemption obligations. Issuers must return the par value within two business days (T+2) of a redemption request, with some exceptions. 🔹 𝐀𝐌𝐋/𝐂𝐅𝐓 🛡 : The paper proses that existing regulations for VASPs on anti-money laundering, transaction monitoring, and the Travel Rule, amongst others, would continue being applicable to FRTs. 🔹 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐫𝐞𝐬𝐭𝐫𝐢𝐜𝐭𝐢𝐨𝐧𝐬 ❌: Issuers could face tightened restrictions on their businesses to prohibit provision of non-issuance services, and avoid exposure to risks beyond the primary activity. 🔹𝐀𝐜𝐜𝐞𝐩𝐭𝐞𝐝 𝐅𝐑𝐓𝐬 🕴️: Only FRTs approved by the FSRA can be issued, marketed, or accepted as payment within ADGM by the authorised persons. FSRA may publish an accepted list of FRTs and could also undertake review of FRTs on a case by case basis for inclusion in the list. ADGM is seeking responses to its consult paper with a deadline of October 3, 2024. Read more here: https://bit.ly/3yR1FCw