Numerous jurisdictions across the globe are developing their own cryptoasset regulatory frameworks—the UK is no exception. Cryptoasset businesses overseas looking to enter the UK market, or to offer services to customers in...more
What is happening Many of the largest blockchain networks today are subject to a proof-of-stake (PoS) consensus mechanism, such as Ethereum, Solana, and Polygon, which are reliant on users participating in the activity of...more
The Commodity Futures Trading Commission (CFTC) has approved final interpretative guidance on retail commodity transactions involving certain digital assets, clarifying the agency's views in respect of the "actual delivery"...more
The G20 has urged countries to adopt the Financial Action Task Force (FATF) standards on virtual assets and virtual asset service providers, which were adopted in June last year.
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2/28/2020
/ Bitcoin ,
Blockchain ,
BSA/AML ,
Committee on Payments and Market Infrastructure (CPMI) ,
Cross-Border Transactions ,
Cryptoassets ,
Cryptocurrency ,
Digital Currency ,
Digital Service Providers ,
FATF ,
Financial Instruments ,
Financial Services Industry ,
G20 ,
Popular ,
Virtual Currency
A Ukrainian man living in the U.S. is facing up to 20 years in prison after being convicted of 18 federal felonies to defraud his former employer Microsoft out of more than $10 million in digital value.
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2/28/2020
/ Bitcoin ,
Blockchain ,
Corruption ,
Criminal Investigations ,
Criminal Prosecution ,
Digital Currency ,
Former Employee ,
Fraud ,
Gift-Cards ,
Identity Theft ,
Internet Retailers ,
Microsoft ,
Mobile Devices ,
Money Laundering ,
Online Platforms ,
Tax Fraud ,
Tax Returns ,
Unauthorized Access ,
White Collar Crimes ,
Wire Fraud
The U.S. Commodity Futures Trading Commission (CFTC) has charged a man from Colorado with fraud and failing to register with it in respect of a scheme that involved Ponzi-type payments....more
2/21/2020
/ Bitcoin ,
Blockchain ,
Civil Monetary Penalty ,
Commodity Pool ,
Cryptocurrency ,
Digital Assets ,
Disgorgement ,
Enforcement Actions ,
Foreign Currency ,
Forex ,
Illegal Trading ,
Investment ,
Investment Fraud ,
Misappropriation ,
Permanent Injunctions ,
Ponzi Scheme ,
Restitution ,
Solicitation ,
White Collar Crimes
The U.S. Department of Justice (DoJ) has indicted a man from Ohio for running Helix, a darknet-based cryptocurrency laundering service that is alleged to have laundered bitcoins worth $300 million....more
2/18/2020
/ Belize ,
Bitcoin ,
Blockchain ,
Criminal Conspiracy ,
Criminal Investigations ,
Criminal Prosecution ,
Cryptocurrency ,
Darknet ,
Department of Justice (DOJ) ,
Digital Currency ,
Indictments ,
Money Laundering ,
Money Services Business ,
Money Transmitter ,
Popular ,
Search Warrant ,
Virtual Currency
The SEC has settled its fraud action against Longfin CEO Venkata Meenavalli, who has agreed to pay $400,000 in disgorgement and penalties.
The SEC's complaint alleged that Longfin and Meenavalli obtained qualification for...more
1/21/2020
/ Blockchain ,
Civil Monetary Penalty ,
Commodities ,
Corruption ,
Criminal Investigations ,
Criminal Prosecution ,
Default Judgment ,
Disgorgement ,
Enforcement Actions ,
False Reporting ,
Filing Requirements ,
Fraud ,
Listing Rules ,
Misrepresentation ,
Nasdaq ,
Offering Fraud ,
Offerings ,
Penalties ,
Preferred Shares ,
Regulation A ,
Revenue ,
Securities and Exchange Commission (SEC) ,
Securities Transactions ,
Unregistered Securities ,
White Collar Crimes
Anyone working for the executive branch of the US government must disclose their cryptocurrency holdings, because they "may create a conflict of interest"....more
6/20/2018
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Disclosure Requirements ,
Executive Branch ,
Federal Employees ,
Investment ,
Office of Government Ethics (OGE) ,
Regulatory Oversight ,
Token Sales ,
Virtual Currency
On Friday, September 29, the SEC filed an emergency action in Federal District Court in New York against Maksim Zaslavskiy and two of his companies, REcoin Group and Diamond Reserve Club.
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10/5/2017
/ Blockchain ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
Financial Markets ,
Initial Coin Offering (ICOs) ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Token Sales ,
Unregistered Securities ,
Virtual Currency