CVCLD case studies
CVCLD · Put your knowledge to work in context.
The Certified Virtual Currency Legal and Compliance Professional (CVCLD) is an independent credential for professionals who must apply law and regulation to digital-asset businesses. It suits compliance officers, in-house and outside counsel, AML analysts, licensing and regulatory-affairs staff, and consultants moving into crypto from banking, payments, or securities. The CVCLD case studies are 5 cases and about 3,415 words.
1Structuring and Mule-Account Cluster at a Mid-Size Exchange
ChainBridge Exchange is a FinCEN-registered MSB with 180,000 retail customers. On March 3, its monitoring system generated a cluster alert: 38 accounts opened within the prior 90 days received 57 ACH deposits of 8,400 to 9,700 from 11 banks, totaling $512,000.
730 words, about 4 min2Governance Token With Promised Staking Yield and Offshore Futures
Lattice Labs, a Delaware C-corp, plans a public sale of 100 million LAT tokens at $0.50. LAT grants access to a data marketplace, governance voting, and staking.
721 words, about 4 min3Wallet Provider With Fiat Ramps, Cash Agents, and Cloud Key Backup
PocketKey Inc., a Delaware company, offers a mobile wallet with 400,000 US users. Users generally control private keys, but 4% enable CloudVault, which stores encrypted key shards that PocketKey can reconstruct with a user PIN.
630 words, about 3 min4Mining, Staking, Airdrop, NFT Sale, and a Failed Like-Kind Exchange
Jordan, a single US taxpayer on the cash method, had the following 2023 activity. In January, Jordan mined 2 BTC when BTC was 22,000; mining electricity and hosting cost 14,000.
683 words, about 3 min5DeFi Front-End, a Sanctioned Mixer, and a US-Based Multisig Signer
Nimbus Foundation, a Cayman Islands entity, operates a decentralized exchange front-end used from 60% US IP addresses. A blockchain-analytics alert shows 14 wallets that interacted with Nimbus in the past six months also transacted with a mixer designated by OFAC.
651 words, about 3 min