DeFi, Stablecoin Products Launch; Bitcoin Network Spikes Due to NFTs -
According to reports, a new decentralized finance (DeFi) protocol recently launched that allows users to deposit the stablecoins USDC or DAI in a...more
2/13/2023
/ Bitcoin ,
Blockchain ,
Criminal Prosecution ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
FASB ,
Individual Retirement Account (IRA) ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
North Korea ,
Ransomware ,
Securities and Exchange Commission (SEC) ,
Securities Tokens ,
Stablecoins
White House Addresses Crypto Risks; Blockchain Firm Wins Air Force Contract -
The White House issued a statement last week briefly outlining the Biden administration’s road map to mitigate the risks of cryptocurrencies,...more
2/6/2023
/ Biden Administration ,
Bitcoin ,
Blockchain ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Ethereum ,
Executive Orders ,
Fraud ,
Hong Kong ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
UK
Paper Explores Benefits of DeFi for FX; Australian Bank Launches Stablecoin -
A recent industry paper found that DeFi can reduce costs and enhance transparency in foreign exchange (FX) markets. The paper concludes that...more
1/23/2023
/ Blockchain ,
Bureau of Industry and Security (BIS) ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
FinCEN ,
Online Platforms ,
Securities and Exchange Commission (SEC) ,
Stablecoins
Crypto Apps Launch New Features, Custody Firm Achieves CCSS Certificate -
According to recent reports, Uniswap V3 was the most used Ethereum contract in 2022, seeing over 15.5 million transactions throughout 2022 and using...more
1/9/2023
/ Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Fraud ,
Fundraisers ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Risk Alert ,
Risk Assessment ,
Scams ,
Securities and Exchange Commission (SEC) ,
Unregistered Securities
Payments Firms Launch Crypto Products, New DeFi Price Indices Announced -
A U.S. fintech company recently announced the launch of a fiat-to-crypto on-ramp, which facilitates fiat-to-crypto payments using “a customizable...more
12/12/2022
/ AML/CFT ,
Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Compliance ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Enforcement Priorities ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
FinCEN ,
FinTech ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Royalties ,
Token Sales ,
Trading Platforms
New Crypto Market Data Published, Blockchain Settlement Pilot Announced -
The Bank for International Settlements (BIS) recently published the results of a study “to investigate the drivers of crypto adoption” by assembling a...more
In a sudden and stunning collapse, FTX, the world’s second largest cryptocurrency exchange, run by 30-year-old Sam Bankman-Fried along with more than 130 entities affiliated with FTX, filed for Chapter 11 bankruptcy...more
Crypto Products Launch in Debit Cards, Payment Gateways, Trading Platforms -
This week, two cryptocurrency financial services and trading platforms announced partnerships with traditional financial services companies to...more
10/31/2022
/ Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
FinTech ,
Malware ,
Metaverse ,
Non-Fungible Tokens (NFTs) ,
Payment Systems ,
Regulatory Authority ,
State Securities Regulators ,
Supply Chain
On October 11, 2022, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) announced a $29 million civil monetary penalty against Bittrex, a...more
10/25/2022
/ Bank Secrecy Act ,
BSA/AML ,
Civil Monetary Penalty ,
Compliance ,
Consent Order ,
Crypto Exchanges ,
Cryptocurrency ,
Enforcement Actions ,
FinCEN ,
Office of Foreign Assets Control (OFAC) ,
Statutory Violations
New Crypto Products Launch in Custody, Cloud Collaborations and Stablecoins -
This week, a major U.S. financial institution announced that its Digital Asset Custody platform is now live in the United States. According to...more
10/17/2022
/ Bitcoin ,
Blockchain ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
Financial Stability Board ,
FinCEN ,
Fines ,
Government Investigations ,
Hackers ,
Non-Fungible Tokens (NFTs) ,
OECD ,
Office of Foreign Assets Control (OFAC) ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Statutory Violations
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
Ethereum Network Completes Transition to Proof of Stake Consensus -
After years of development and delays, Ethereum’s long-awaited “merge” occurred this week, changing the network’s consensus mechanism from proof-of-work...more
9/19/2022
/ Biden Administration ,
Blockchain ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement ,
Enforcement Actions ,
Ethereum ,
Executive Orders ,
Impact Assessments ,
Non-Fungible Tokens (NFTs) ,
Office of Foreign Assets Control (OFAC) ,
Ponzi Scheme ,
Popular ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC)
NY DFS Approves Crypto Platform, Prepaid Crypto Card to Launch in Argentina -
According to a press release this week, the New York State Department of Financial Services (NY DFS) has authorized two subsidiaries of Zero...more
8/15/2022
/ Consent Order ,
Crypto Exchanges ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
MasterCard ,
Money Laundering ,
NYDFS ,
Office of Foreign Assets Control (OFAC) ,
Prepaid Payment Products ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury ,
Virtual Currency
Bitcoin Network Mining Difficulty Continues Downward Trend Amid Heat Wave -
A recent analysis of Bitcoin mining activity has shown that Bitcoin Network mining difficulty dropped by 5 percent recently, continuing a...more
Foreign Regulators Approve Crypto Platforms; Ethereum Approaching PoS -
According to recent reports, several major cryptocurrency platforms have obtained regulatory approval from Italy’s Organismo Agenti e Mediatori (OAM)...more
7/25/2022
/ CFTC ,
Coinbase ,
Cryptoassets ,
Cryptocurrency ,
Darknet ,
Department of Justice (DOJ) ,
Digital Platforms ,
Ethereum ,
Fraud ,
Ransomware ,
RED List ,
Trading Platforms
Financial Firm Launches Crypto Group, MakerDAO Votes to Integrate with Bank -
A major multinational financial institution recently “announced the formation of its Digital Assets and Financial Markets group.” According to...more
7/11/2022
/ Basel Committee on Banking Supervision (BCBS) ,
Brand ,
CFTC ,
Cryptocurrency ,
Cyber Crimes ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Financial Action Task Force ,
Financial Institutions ,
Fraud ,
Hackers ,
Infringement ,
IP Litigation ,
New Guidance ,
Non-Fungible Tokens (NFTs)
Firms Announce New Crypto Initiatives; Data Published on Crypto and NFT Use -
Late last week, a major U.S. cryptocurrency custodian announced “a groundbreaking, industry-first custody exchange network giving institutions...more
6/20/2022
/ Australia ,
Blockchain ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
FinTech ,
First Amendment ,
Fourth Amendment ,
Non-Fungible Tokens (NFTs) ,
Scams ,
Securities and Exchange Commission (SEC) ,
Stablecoins
New Cryptocurrency Payments Systems, Tokens and Trade Associations Launch -
A leading global cryptocurrency platform has reportedly announced a partnership with a global e-commerce platform that would allow e-commerce...more
6/6/2022
/ Bitcoin ,
Blockchain ,
Bureau of Industry and Security (BIS) ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
European Central Bank ,
Financial Stability Board ,
FinTech ,
Fraud ,
G7 ,
Insider Trading ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Risk Mitigation ,
U.S. Treasury ,
Virtual Currency
A well-known digital currency investment services company announced the launch of its first European exchange-traded fund (ETF), according to a press release this week. The ETF, which will be traded on multiple foreign...more
5/23/2022
/ Bitcoin ,
Bitcoin Mining ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Economic Sanctions ,
Evasion ,
Exchange-Traded Products ,
FinCEN ,
Investment Funds ,
Office of Foreign Assets Control (OFAC) ,
Partnerships ,
Popular ,
Risk Assessment ,
Scams ,
Securities and Exchange Commission (SEC) ,
U.S. Commerce Department
According to reports, a major U.S.-based global investment bank has allowed a borrower to use bitcoin as collateral for a cash loan, for the first time in the bank’s history. In other financial news, according to reports, the...more
5/9/2022
/ Banks ,
Bitcoin ,
Bitcoin Mining ,
Blockchain ,
Collateral ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Enforcement Priorities ,
Environmental Protection Agency (EPA) ,
FinCEN ,
Fraud ,
Hackers ,
Non-Fungible Tokens (NFTs) ,
NYDFS ,
Patriot Act ,
Retailers ,
Securities and Exchange Commission (SEC)
This week Anchorage Digital, a digital asset platform and infrastructure provider that is also the first federally chartered cryptocurrency bank, announced that it has added custody support for 11 new digital assets....more
4/25/2022
/ Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Cybersecurity Information Sharing Act (CISA) ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Economic Sanctions ,
Hackers ,
Office of Foreign Assets Control (OFAC) ,
Proposed Rules ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
Crypto Payment Initiatives Announced in Stablecoins, Lightning Network, Mining -
Late last week, the issuer of USD Coin (USDC) announced that it had selected a major U.S. bank as a primary custodian for USDC reserves....more
4/11/2022
/ Bitcoin ,
Bitcoin Mining ,
Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Distributed Ledger Technology (DLT) ,
Economic Sanctions ,
HM Treasury ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Proposed Legislation ,
Russia ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
UK ,
Ukraine ,
United Nations
Traditional Financial Firms Expand Reach into Cryptocurrency Sphere -
Early this week, a major investment bank announced that it plans to launch a digital asset custody platform later this year. This announcement follows...more
3/7/2022
/ Charitable Donations ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Donations ,
Enforcement Actions ,
Enforcement Priorities ,
FATF ,
Non-Fungible Tokens (NFTs) ,
Ponzi Scheme ,
Popular ,
Securities and Exchange Commission (SEC) ,
Ukraine
Reports Address Crypto M&A and Metaverse, New Crypto Products Launch -
A Big Four accounting firm recently released its “2021 Global Cryptocurrency Mergers and Acquisition and Fundraising Report.” Key takeaways from the...more
2/22/2022
/ Acquisitions ,
Capital Raising ,
Corporate Governance ,
Cross-Border Transactions ,
Cryptocurrency ,
Digital Assets ,
Enforcement ,
FATF ,
Information Reports ,
Mergers ,
Non-Fungible Tokens (NFTs) ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
U.S. Treasury ,
Wash Trades