News & Analysis as of September 18, 2024

Virtual Currency › Social Networks

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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 -

“Are You Guys Into Crypto???”: Celebrities Promoting Cryptocurrencies Become Class Action Targets

Venable LLP on 2/9/2022

A class action lawsuit filed against Kim Kardashian, Floyd Mayweather, and former professional basketball player Paul Pierce earlier this month underscores the need for celebrity endorsers to take care when they approach any...more

Virtual Currency Gets Real Social Media Ads

Manatt, Phelps & Phillips, LLP on 5/30/2019

Reversing course, Facebook has relaxed the advertising standards for the promotion of blockchain, cryptocurrency and other financial products on the social media site....more

CFTC Writes the Book on Enforcement

Pillsbury Winthrop Shaw Pittman LLP on 5/17/2019

Commodity Futures Trading Commission publishes its first-ever Enforcement Manual. On May 8, 2019 the CFTC’s Division of Enforcement published its Enforcement Manual, providing market participants for the first time ever...more

Data Privacy + Cybersecurity Insider - October 2018

Robinson & Cole LLP on 10/8/2018

On October 1, 2018, the Food and Drug Administration (FDA) issued its “Medical Device Cybersecurity Regional Incident Preparedness and Response Playbook” to address continued threats to medical devices that could affect...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 6/26/2018

Milwaukee-based Harley-Davidson announced on Monday that it will shift some of its motorcycle production overseas “to avoid retaliatory tariffs imposed by the European Union” in response to the White House’s trade moves....more

New York DFS Proposes Sweeping Virtual Currency Licensing Scheme

Morrison & Foerster LLP on 7/21/2014

Yesterday, the New York Department of Financial Services (“NYDFS”) issued a proposed rule for public comment setting forth a novel and comprehensive “BitLicense” regulatory scheme for entities engaged in “Virtual Currency...more

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