United States of America: Introduction of Digital Asset Sanctions Compliance Enhancement Act in US Senate
Description
Introduction of Digital Asset Sanctions Compliance Enhancement Act in US Senate
On 17 March 2022, the Digital Asset Sanctions Compliance Enhancement Act (S.3867) was introduced in the United States (US) Senate by Sen. Elizabeth Warren (D-MA) and Sen. Jack Reed (D-RI). The Act aims to address loopholes that could be used to avoi…
Scope
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
Key regulatory dimensions
Regulated subjects
The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type
Private organisation
Economic activity
digital payment provider (incl. cryptocurrencies)
Category
All
consumer / buyer
2
Type
Private individual
Economic activity
digital payment provider (incl. cryptocurrencies)
Category
All
Policy change by business practice
The detailed activities within the scope of this policy or regulatory change.
cryptoasset: currency: distribution (any form)
Regulatory tool
Regulator reporting requirement
Sanctions
Regulated subjects
2