Despite growing pains, digital currencies and blockchain may be the future of payments and global finance. As with any disruptive technology that gains popularity quickly, building the legal framework to support it is...more
The confusion over Bitcoin grows in the latest lawsuit brought in a California bankruptcy court by Trustee Mark Kasolas against Marc Lowe, a former employee of HashFast Technologies LLC. The trustee alleges, among other...more
The New York State Department of Financial Services (the “Department”) recently published its proposed rules and regulations (the “Proposed Rules”) for vendors conducting business involving virtual currency. The Proposed...more
8/11/2014
/ Advertising ,
AML/CFT ,
Bitcoin ,
BitLicense ,
Chief Compliance Officers ,
CIP ,
Licenses ,
Licensing Rules ,
Marketing ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Proposed Regulation ,
Regulatory Standards ,
SDN List ,
State and Local Government ,
Virtual Currency
The Securities and Exchange Commission (SEC) recently charged the co-owner of two Bitcoin-related websites for publicly offering shares in the ventures without registering the securities under the Securities Act of 1933 (the...more
6/25/2014
/ Bitcoin ,
CFTC ,
Cryptocurrency ,
Enforcement ,
Enforcement Actions ,
FinCEN ,
Popular ,
Public Offerings ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury ,
Virtual Currency