The U.S. authorities are increasingly taking actions against big-name crypto mixers for potential violations of sanctions regulations. On November 29, 2023, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) sanctioned Sinbad.io (“Sinbad”), which is a virtual currency mixer. As a result, U.S. persons are generally prohibited from dealings involving Sinbad or its property interests. Virtual currency mixers are anonymized software tools that allow users to conceal the source or owner of digital assets.
About
Shin Hahn is an associate in the Business Trial Practice Group in the firm's New York office.
Latest Post
More Posts
New York Courts Continue to Assert Personal Jurisdiction over Foreign Banks
The Supreme Court Rules That § 1782 Does Not Apply to Private Arbitrations
Supreme Court May Be Asked to Decide Whether State Insurance Laws Reverse-Preempt the New York Convention
The Second Circuit Court of Appeals Finds That French Banker Need Not Travel to the United States to Seek Dismissal of Her Indictment
SCOTUS Finally Agrees to Address Discovery for Use in Foreign Arbitration
The Singapore International Arbitration Center Opens Office in New York
Rolls-Royce Seeks to Resolve Circuit Split on Whether District Courts Can Order Discovery For Use in Private Arbitration
US Law Allows Discovery for Foreign Proceedings
Pursuing and Responding to Discovery Requests Under 28 U.S.C. § 1782
US Law Allows Discovery for Foreign Proceedings
About
Shin Hahn is an associate in the Business Trial Practice Group in the firm's New York office.
Connect: https://www.sheppardmullin.com/shahn
Subscribe: Subscribe via RSS