News & Analysis as of September 20, 2024

Virtual Currency › Market Manipulation

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Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender status, Virtual Currency is still traded and exchanged in some environments, typically online environments or communities. Bitcoin is the most well-known form of Virtual Currency. less -

SEC Cryptocurrency Enforcement: June 2023 Update

Cornerstone Research on 7/26/2023

As of June 6, the SEC has brought 24 cryptocurrency enforcement actions between litigations and administrative proceedings. The number of cryptocurrency enforcement actions brought by the SEC in 2023 is advancing at a record...more

Japanese FinTech Regulations Set For Further Changes In 2020

Morrison & Foerster LLP on 2/21/2020

Part 1: Proposed regulatory amendments concerning payment settlement services and the introduction of a one-stop intermediary license for marketing financial products- It is generally expected that a bill will soon be...more

Bridging The Week - January 2020 #2

Katten Muchin Rosenman LLP on 1/22/2020

A non-US-based investment and brokerage firm agreed to settle spoofing allegations by the Commodity Futures Trading Commission by payment of a US $700,000 fine. In accepting this settlement, the CFTC emphasized the...more

Financial Daily Dose 5.21.2019 | Top Story: FCC Approves T-Mobile/Sprint Merger

Robins Kaplan LLP on 5/21/2019

FCC Chair Ajit Pai gave his agency’s stamp of approval to the pending $26 billion T-Mobile/Sprint merger on Monday, helping move the deal towards completion based on pledges from the companies to develop “a robust 5G network...more

Blockchain Week in Review - October 2018 #3

Perkins Coie on 11/2/2018

FATF Issues Virtual Currency Guidance - On October 19, the Financial Action Task Force (“FATF”) published the outcomes of its Plenary meeting. Included in the outcomes of the meeting were new recommendations related to the...more

CFTC Cryptocurrency Enforcement Receives Further Judicial Support

Sheppard Mullin Richter & Hampton LLP on 10/11/2018

The Commodity Futures Trading Commission (“CFTC”) obtained an important court win and boost to its regulatory authority over Cryptocurrencies this month. A federal district court in Massachusetts recently issued a decision in...more

US Federal Judge Affirms Commodity Futures Trading Commission's Authority to Police Virtual Currency Fraud

A&O Shearman on 10/5/2018

The U.S. District Court for the District of Massachusetts issued an order confirming that the Commodity Futures Trading Commission maintains the authority to police virtual currency fraud. The order was issued in response to...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 9/26/2018

Hiding somewhat in the shadows during the rise of virtual currencies over the past year or two has been blockchain, the ledger technology that undergirds bitcoin and other cryptos, and its potential application beyond digital...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 9/19/2018

China is answering the White House’s latest tariff announcement with another $60 billion in levies on US goods of its own....more

Your Daily Dose of Financial News

Robins Kaplan LLP on 8/23/2018

Here’s all you need to know from the Fed minutes released yesterday, including next month’s rate increase, an apparent plan to continue rate hikes at their gradual pace (unless White House trade policies “scramble their...more

South Korea Steps Up Oversight of Cryptocurrency Exchanges

Sheppard Mullin Richter & Hampton LLP on 4/2/2018

In January 2018, the Korea Financial Intelligence Unit (“KoFIU”) and the Financial Supervisory Service (“FSS”) conducted a joint inspection of six Korean banks that provide trading accounts for cryptocurrency exchanges. The...more

Federal Judge Rules Virtual Currencies Are Commodities Under the Commodity Exchange Act

Skadden, Arps, Slate, Meagher & Flom LLP on 3/8/2018

On March 6, 2018, Judge Jack B. Weinstein of the U.S. District Court for the Eastern District of New York ruled that virtual currencies are commodities under the Commodity Exchange Act (CEA) and therefore subject to the...more

WSGR Fintech Update - February 2018

Wilson Sonsini Goodrich & Rosati on 2/12/2018

Wilson Sonsini Goodrich & Rosati is pleased to present the February 2018 issue of the WSGR Fintech Update. This latest edition features an article discussing a letter recently issued by the SEC’s Division of Investment...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 5/10/2017

The Times gives us some insight into the opaque (but powerful) HNA Group—the Chinese entity that began with Hainan Airlines and has grown into a global investing and acquisition powerhouse that is now the largest shareholder...more

Your daily dose of financial news - The Brief – 7.11.16

Robins Kaplan LLP on 7/11/2016

A putative class action filed last week is accusing 25 prominent banks—including Deutsche Bank, Goldman Sachs, and Barclays—of “conspiring to rig the market for securities” sold by the US Treasury in their roles as primary...more

Bridging the Week - June 2015 #2

Katten Muchin Rosenman LLP on 6/9/2015

NYDFS Issues BitLicense Framework for Regulating Virtual Currency Firms - The New York State Department of Financial Services issued final regulations requiring a so-called “BitLicense” and establishing minimum...more

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Virtual Currency › Market Manipulation

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