On the evening of the 7th (local time), Deputy Attorney General Todd Branch
The news was revealed through an internal memo distributed by agency chief executive officer (CEO) Blanche to agency employees.
The National Cryptocurrency Enforcement Team (NCET) under the Ministry of Justice has been disbanded with immediate effect, according to the memo. The government also plans to impose sanctions on cryptocurrency exchanges, mixing services and cold storage companies.
The company has made it clear to wallet users that it will not pursue criminal charges for end-user or unintentional violations of regulations, except for obvious cases of EMBEZZLEMENT, fraud, hacking, etc.
In addition, if a criminal organization such as North Korea or a foreign country uses cryptocurrency services for money laundering, the investigation will only target the organization itself, and not the services they use.
This is a major shift in policy from the previous investigation approach.
Mixing services like Bitcoin Cash, which are popular with privacy advocates and criminals alike because they guarantee the anonymity of transactions, have been the subject of ongoing scrutiny by the U.S. government.
In 2023, the Department of Justice arrested and indicted Tornado Cash developer Roman Storm on money laundering charges. Storm is known as "Tornado Cash"
"HardCash is a permissionless service that anyone can access, and we have never knowingly facilitated crime."
Now, that could change. Last month, the U.S. Treasury Department, acting under a court order,
In addition to lifting the sanctions against Xu, Branch also made it clear in the Justice Department memo that existing cases that do not comply with the new cryptocurrency policy should be dropped.
2025/04/09 17:05 KST
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