The U.S. Treasury previously targeted individuals connected to Tornado Cash, but its proposed actions on mixers followed concerns that Hamas was financed in part by crypto.
According to court documents, the U.K. commissioner doesn’t have the authority or jurisdiction to cite or fine the “foreign” company for GDPR infractions.
The Blockchain Association and Crypto Council for Innovation said Hamas had reportedly stopped using Bitcoin, as authorities could more easily track funds.
The context of the legal challenge centers around the SEC vs. Jarkesy case, in which George Jarkesy contends that his Seventh Amendment rights were violated.
The crypto exchange has applied for a license under the EU’s new Markets in Crypto-Assets Regulation with the Central Bank of Ireland and, if successful, will be able to “passport” its services across EU states.
The Office of the Comptroller of the Currency highlighted the “emerging divide” between crypto and tokenization and strongly criticized crypto for being “marked by rampant scams.“