US Developments -
CFTC and SEC Issue Orders Filing and Settling Charges with Two Entities for Illegal Off-Exchange Trading and Registration Violations -
On July 13, 2020, the Commodity Futures Trading Commission (CFTC) and...more
7/27/2020
/ BitLicense ,
Blockchain ,
CFTC ,
China ,
Cryptocurrency ,
Investment Schemes ,
Japan ,
Popular ,
Securities and Exchange Commission (SEC) ,
Virtual Currency ,
Wire Fraud
U.S. Developments -
BitClave Settles with SEC -
On May 28, 2020 the Securities and Exchange Commission (the “SEC”) announced that a settlement has been reached with BitClave PTE Ltd. (“BitClave”) relating to BitClave’s 2017...more
The Regulation of Retail Commodity Transactions—History and Background -
On March 24, 2020, the U.S. Commodity Futures Trading Commission (the Commission or the CFTC) finalized long-awaited interpretive guidance regarding...more
5/4/2020
/ Actual Delivery ,
Bitcoin ,
CFTC ,
Commodities ,
Designated Contract Markets (DCMs) ,
Digital Assets ,
Digital Currency ,
Dodd-Frank ,
Futures ,
Initial Coin Offering (ICOs) ,
Leveraged Finance ,
New Guidance ,
Securities and Exchange Commission (SEC) ,
Securities Exchanges ,
Trading Platforms ,
Virtual Currency
On March 24, 2020, the U.S. Commodity Futures Trading Commission (the Commission or the CFTC) finalized long-awaited interpretive guidance regarding what constitutes the “actual delivery” of a digital asset in the context of...more
5/1/2020
/ Actual Delivery ,
Bitcoin ,
Blockchain ,
Bucket Shop ,
CFTC ,
Commodities ,
Commodity Exchange Act (CEA) ,
Commodity Futures Contracts ,
Designated Contract Markets (DCMs) ,
Digital Assets ,
Digital Currency ,
Dodd-Frank ,
Futures ,
Initial Coin Offering (ICOs) ,
Leveraged Finance ,
New Guidance ,
Securities and Exchange Commission (SEC) ,
Securities Exchanges ,
Trading Platforms ,
Virtual Currency
In a recently published letter to the Senate Finance Committee, FinCEN confirmed that when an ICO token is a “convertible virtual currency,” administrators or exchangers of the token would be “money transmitters” under...more
3/14/2018
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Cryptocurrency ,
Financial Institutions ,
FinCEN ,
Initial Coin Offering (ICOs) ,
Interpretive Letters ,
Money Services Business ,
Money Transmitter ,
Regulatory Requirements ,
Token Sales ,
Virtual Currency
On February 6, 2018, the United States Senate Committee on Banking, Housing and Urban Affairs conducted a hearing entitled “Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S....more
2/7/2018
/ Bitcoin ,
CFTC ,
Department of Justice (DOJ) ,
Entrepreneurs ,
Financial Services Industry ,
FinTech ,
FSOC ,
Howey ,
Initial Coin Offering (ICOs) ,
IOSCO ,
Jurisdiction ,
New Guidance ,
Securities and Exchange Commission (SEC) ,
Virtual Currency