Sanctions have been imposed on SUEX, a virtual currency exchange, by the United States Department of the Treasury (USDT) for aiding at least eight ransomware variants in laundering their crypto ransoms, according to a press release. The department’s Office of Foreign Assets Control (OFAC) listed the company as a specially designated national (SDNs) for illicit transactions facilitated on its platform, as per the release. Suex's property and interests in property under U.S. jurisdiction will be blocked due to this designation, and U.S. citizens are prohibited from engaging in transactions with Suex. The USDT has also blocked entities in which Suex owns a stake of 50 percent or more. It warned that financial institutions found to be in business with Suex will attract "sanctions or be subject to an enforcement action". More than 40 percent of Suex’s transactions involve malicious actors,…
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Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
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