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Licenses Bitcoin

Ballard Spahr LLP

D.C. Department of Insurance, Securities and Banking issues bulletin on money transmission

Ballard Spahr LLP on

On August 8, 2022, the District of Columbia Department of Insurance, Securities and Banking (the Department”) issued a Bulletin on money transmission (the “Bulletin”). The Department issued the Bulletin to ensure that...more

Foley & Lardner LLP

Live, Work and Play in a Legal Metaverse: Preparing for a New Online Existence

Foley & Lardner LLP on

Companies spend billions and invest heavily in technologies that offer greater telepresence and enable an individual’s digital life. Will humans interact with each other via avatars in a three-dimensional virtual space? The...more

Pillsbury Winthrop Shaw Pittman LLP

New York Guidance on Listing Digital Assets

New York DFS proposal: A step forward in treating digital coin assets in a manner commensurate with more traditional financial assets. The New York State Department of Financial Services (DFS) proposed guidance that will...more

Goodwin

State Regulation Roundup Revisited

Goodwin on

As discussed in a previous post, several states are in various stages of implementing regulations related to digital currency. Below is an updated summary of the actions currently underway....more

BakerHostetler

The Empire State Strikes Back: New York Proposes Rules for Virtual Currency

BakerHostetler on

The New York State Department of Financial Services (the “Department”) recently published its proposed rules and regulations (the “Proposed Rules”) for vendors conducting business involving virtual currency. The Proposed...more

Katten Muchin Rosenman LLP

New York DFS Proposes First Comprehensive Regulatory Framework for Virtual Currency Businesses

On July 17, the New York State Department of Financial Services (DFS) released the draft “BitLicense,” a proposed regulatory framework to license Virtual Currency Business Activity. The proposed regulations follow DFS...more

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