DOJ states it has jurisdiction over foreign crypto companies that touch US servers By Cointelegraph

DOJ states it has jurisdiction over foreign crypto companies that


DOJ states it has jurisdiction over foreign crypto companies that touch US servers

The Cryptocurrency Enforcement Framework issued by the U.S. Department of Justice stipulates a number of cases where it will exert its authority over foreign actors: “where virtual asset transactions touch financial, data storage, or other computer systems within the United States”, if they use cryptocurrency to import illegal products into the U.S. and if they “provide illicit services to defraud or steal from U.S. residents”. This also applies to foreign entities that engage in money transmission in the country even if they are incorporated abroad.

Additionally, the Department claims to have the authority to prosecute any foreign actors who use cryptocurrency to support terrorist activities:

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