On April 7, 2025, Deputy Attorney General Todd Blanche issued a memorandum — now widely known as the “Blanche Memo” — that marked a strategic shift in how the U.S. DOJ approaches digital asset enforcement. In a move that influences legal, financial, and crypto sectors.

The traditional KYC framework, designed for centralized financial systems, poses significant challenges when applied to decentralized protocols and non-custodial applications. It relies on centralized entities collecting and storing sensitive personal data to verify user identities.

International sanctions and economic embargoes are restrictive measures imposed by the EU to influence the behavior of states, entities, or individuals that pose threats to international security, human rights, or the rule of law.