Crypto Products Launch, Reports Detail CBDC Pilots and Bank Crypto Exposure -
Last week, Circle Internet Financial, the issuer of USD Coin (USDC), announced plans “to make USDC available on five additional blockchain...more
10/10/2022
/ Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Corporate Bonds ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
FinTech ,
Fraud ,
FSOC ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
U.S. Treasury
Exchange Reaches Agreement to Sell Assets; New Crypto Products Launch -
In a press release this week, Voyager Digital, a cryptocurrency exchange that recently filed for Chapter 11 bankruptcy, announced that it selected the...more
10/3/2022
/ Bitcoin ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Digital Currency ,
Financial Conduct Authority (FCA) ,
FinTech ,
Fraud ,
IRS ,
John Doe Investigation ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Scams ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury ,
UK
Non-Fungible Marketing: Brands Continue to Launch NFTs -
A South Korean technology company has reportedly launched a weeklong promotion in the metaverse. According to reports, the virtual events occurred across multiple...more
9/26/2022
/ AML/CFT ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Fraud ,
Hackers ,
Information Reports ,
Non-Fungible Tokens (NFTs) ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury
NFT Initiatives Launch in Ticket Sales, Social Media and College Football -
According to a recent press release, a major ticket sales and distribution company announced that event organizers who sell tickets on its platform...more
9/12/2022
/ Banking Regulators ,
Blockchain ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
Fraud ,
Hackers ,
Non-Fungible Tokens (NFTs) ,
OCC ,
Popular ,
Sports
On Oct. 6, 2021, the U.S. Department of Justice (DOJ) announced the creation of a National Cryptocurrency Enforcement Team to tackle investigations and prosecutions of criminal misuses of cryptocurrency. As the non-fungible...more
8/31/2022
/ Bribery ,
Counterfeiting ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Enforcement Authority ,
Enforcement Priorities ,
Foreign Corrupt Practices Act (FCPA) ,
Fraud ,
Insider Trading ,
Market Manipulation ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Spoofing
Fashion Brands Score with NFTs, but Market Trends Show Threats Abound -
According to a recent report, iconic fashion brands from ready-to-wear sportswear to haute couture have been reaping the financial rewards of their...more
8/29/2022
/ AML/CFT ,
Cease and Desist ,
Criminal Prosecution ,
Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
European Central Bank ,
False Statements ,
Fashion Industry ,
FDIC ,
Fraud ,
New Guidance ,
Non-Fungible Tokens (NFTs) ,
Popular
NFTs Expand on Social Media, Celebrity NFT Endorsements Scrutinized -
According to reports, one of the world’s largest social media platforms recently expanded its NFT (non-fungible token) initiative, allowing users in...more
8/22/2022
/ Banking Sector ,
Celebrity Endorsements ,
CFTC ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Endorsements ,
Enforcement Actions ,
Fraud ,
Initial Coin Offering (ICOs) ,
Insider Trading ,
Money Laundering ,
New Guidance ,
Non-Fungible Tokens (NFTs) ,
Securities and Exchange Commission (SEC) ,
Tax Evasion
New NFT Initiatives Announced in Jewelry, Automobile and Liquor Industries -
A U.S. luxury jeweler has reportedly partnered with the popular NFT (non-fungible tokens) collection CryptoPunk to transform the digital...more
8/8/2022
/ Banking Sector ,
Cryptocurrency ,
Deposit Insurance ,
Enforcement Actions ,
Financial Regulatory Agencies ,
Fraud ,
Hackers ,
New Guidance ,
Non-Fungible Tokens (NFTs) ,
Regulatory Violations ,
Virtual Currency
Last week a fintech company reportedly teamed with a local digital asset exchange in the Philippines to develop a blockchain-based solution for cross-border remittances. According to reports, the partnership aims to increase...more
CBDC Initiatives Announced, Blockchain Trade Finance Platform Launches - This week, the Bank for International Settlements (BIS) announced Project Dunbar, an initiative in which BIS will collaborate with the Reserve Bank of...more
9/7/2021
/ Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Digital Currency ,
Financial Markets ,
Fraud ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
Cryptocurrency Exchanges, ETFs and Payment Initiatives Announced - Cryptocurrency firm Bullish announced its intention to go public on the New York Stock Exchange as it prepares to launch a cryptocurrency exchange, according...more
7/19/2021
/ Bitcoin ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
ETFs ,
Fraud ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Ransomware ,
Virtual Currency
NFT Initiatives Continue, Cryptocurrency Advertising Restrictions Ease - In New Dehli, a blockchain-powered platform is hosting an exhibition displaying 27 art pieces by Bengal-born artist Lalu Prasad Shaw. According to a...more
Reports Address CBDCs and Security Tokens, Banks Launch Crypto Initiatives - A recent report released by the Bank for International Settlements (BIS) analyzes results from a survey of 50 central banks in the first quarter of...more
6/21/2021
/ Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Financial Markets ,
Fraud ,
Initial Coin Offering (ICOs) ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Virtual Currency
Reports Analyze Bitcoin Price Crash and Network Energy Consumption - A well-known blockchain analytics company has issued a report commenting on this week’s crash of the prices of cryptocurrency, including bitcoin. The report...more
Cryptocurrency Exchanges Forge New Paths, Bitcoin ETF Applications Continue - This week one of the largest U.S. cryptocurrency exchanges, Coinbase, completed its initial public offering through a direct listing of its shares...more
4/19/2021
/ Bitcoin ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
ETFs ,
European Central Bank ,
Fraud ,
Hackers ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Safe Harbors ,
Securities and Exchange Commission (SEC)
US Institutional Financial Firms, and Fintech Startups, Launch Crypto Products - A major U.S. financial services corporation announced this week that it would begin to settle transactions over the Ethereum Network in USD Coin...more
4/5/2021
/ Bitcoin ,
Broker-Dealer ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
Enforcement Actions ,
Financial Services Industry ,
FinCEN ,
Fraud ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
Payment Firms Adopt Cryptocurrencies, Company Purchases $1.5 Billion in Bitcoin - According to a press release, last week the Office of the Comptroller of the Currency provided conditional approval to Protego Trust Bank for a...more
Cryptocurrency Exchanges and Financial Firms Announce Market Developments. Last week, Coinbase signified its intent to become a publicly traded company by announcing a proposed direct listing of its Class A common stock under...more
NY DFS Approves New Stablecoin Company, Crypto Financial Products Continue Growth - New York’s Department of Financial Services (DFS) recently granted a charter under New York Banking Law to a Japanese cryptocurrency firm...more
1/11/2021
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Financial Products ,
FinCEN ,
Fraud ,
NYDFS ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Stablecoins ,
Virtual Currency
Ethereum 2.0 Moves Closer to Launch, Blockchain Identity Solutions Announced - After having launched last week, the deposit contract for the newest upgrade to the Ethereum blockchain, Ethereum 2.0, now tops out at over 50,000...more
U.S. Crypto Exchange Approved as Wyoming Bank, MSB Regulations to be Simplified - This week Kraken, a major U.S. cryptocurrency exchange, announced that it has received approval from the State of Wyoming to form a Special...more
Monetary Authority of Singapore and World Bank Publish Blockchain Payments Reports - The fifth and final phase of Project Ubin, a blockchain project spearheaded by the Monetary Authority of Singapore, concluded this week. ...more