The US Securities and Exchange Commission (SEC) recently approved the applications of 11 asset and investment management firms to launch exchange-traded funds (ETFs) that track bitcoin on the spot market. This event heralds...more
2022 was a turbulent year for the cryptocurrency sector, with one of the worst bear markets ever recorded and the collapse of several major cryptocurrency platforms. The breaking of Terra’s UST stablecoin peg caused a domino...more
Last August, the US Treasury Department sanctioned Torando Cash, a decentralized crypto mixing service. A month later, another US regulator, the CFTC, imposed a $250,000 fine on Ooki DAO, citing various regulatory violations,...more
Institutional investors, corporations, exchanges, individuals, and crypto miners all have strong demand for crypto custody services, as provided by special market participants. These services intend to safeguard customers’...more
7/21/2022
/ Bitcoin Mining ,
Crypto Exchanges ,
Cryptocurrency ,
Custody ,
Digital Assets ,
EU ,
Financial Services Industry ,
Insolvency ,
Institutional Investors ,
Investment Advisers Act of 1940 ,
Investors ,
Israel ,
OCC ,
Proposed Regulation ,
Regulatory Authority
The Bank of Israel is proposing to regulate the provision of services to licensed cryptocurrency service providers (i.e., exchange platforms). The purpose of the proposal is to ensure banks are not able to sweepingly refuse...more
1/11/2022
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Banking Sector ,
Banks ,
Cryptocurrency ,
Financial Action Task Force ,
Israel ,
Payment Systems ,
Permits ,
Proposed Amendments ,
Proposed Legislation ,
Reporting Requirements ,
Risk Assessment ,
Tax Certificates
For the first time, companies providing virtual currency services will be required to comply with Israeli anti-money laundering provisions. This follows an amendment to the Prohibition of Money Laundering Order that recently...more
The first cryptocurrency, Bitcoin, is still the most well-known application of blockchain. However, this technology has since rapidly evolved and expanded in many other areas. The initial hope with Bitcoin was to make both...more
10/19/2020
/ Anti-Money Laundering ,
Bitcoin ,
Compliance ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Entrepreneurs ,
Financial Institutions ,
Institutional Investors ,
Israel ,
Popular ,
Regulatory Standards ,
Securities Tokens ,
Token Sales
Prompted by the use of digital currencies to fund terror and other illegal activity, the Israel Money Laundering and Terror Financing Prohibition Authority has published a document aimed at assisting financial bodies and law...more
7/6/2020
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Cryptocurrency ,
FATF ,
Financial Transactions ,
Law Enforcement ,
Money Laundering ,
New Guidance ,
Regulatory Agencies ,
Terrorist Financing Regulations ,
Virtual Currency
After Libra, Facebook’s ambitious global digital currency venture, faced fierce resistance from regulators around the world, Facebook has announced “Libra 2.0.” The venture is set to undergo far-reaching changes that, on the...more
Regulatory resistance and legal proceedings conducted by the U.S. Securities and Exchange Commission (S.E.C.) are currently hindering the realization of one of the greatest promises of blockchain technology – the transfer of...more
10/29/2019
/ Blockchain ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Digital Currency ,
European Central Bank ,
Facebook ,
FinCEN ,
Regulatory Agencies ,
Regulatory Agenda ,
Securities ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
After a long wait, the US Securities and Exchange Commission (SEC) has permitted a startup company to raise funds from the general public through a supervised security token offering (STO) under Reg A+ regulations....more
7/22/2019
/ Blockchain ,
Crowdfunding ,
Cryptocurrency ,
Digital Assets ,
Fundraisers ,
Howey ,
Initial Coin Offering (ICOs) ,
Regulation A ,
Securities and Exchange Commission (SEC) ,
Securities Tokens ,
Security Token Offering (STOs) ,
Small Business ,
Startups
Signs of recovery in the crypto field are obvious and the investing public is again interested in companies operating in this realm. Thus, with the initial coin offering (ICO) era considered over, it seems there is a new tool...more