Law360 (October 14, 2020, 5:10 PM EDT) -- On Oct. 8, the U.S. Department of Justice's Cyber-Digital Task Force issued its first crypto-related guidance, "Cryptocurrency: An Enforcement Framework," an 83-page report intended to help the industry comply with U.S. legal obligations.
While the DOJ's report praises blockchain and digital ledger technology for their "breathtaking possibilities," it also issues a stark warning: "cryptocurrency technology plays a role in many of the most significant criminal and national security threats that the United States faces."
After providing a helpful overview of cryptocurrency for lay readers, the report examines the role of the DOJ in prosecuting crypto-related misconduct, including applicable federal statutes, key...
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