In early October, U.S. Department of Justice (“DOJ”) Deputy Attorney General Lisa Monaco announced the creation of the National Cryptocurrency Enforcement Team (“NCET”). The NCET will handle the Department’s investigations...more
11/12/2021
/ Anti-Corruption ,
Anti-Money Laundering ,
Bitcoin ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
Enforcement Priorities ,
Enforcement Strike Teams ,
Financial Crimes ,
Financial Instruments ,
Financial Markets ,
Government Investigations ,
Policy Statement ,
Regulatory Oversight ,
Virtual Currency ,
White Collar Crimes
With the rise of digital currencies, it was inevitably going to attract the attention of governments. Not just in the regulatory sense, but also in terms of utilization. The blockchain technology underlying these virtual...more
On Friday March 12, Bloomberg News reported that the Commodity Futures Trading Commission (“CFTC”) has opened an inquiry into Binance Holdings Ltd. (“Binance”) to investigate allegations that the exchange allowed US citizens...more
3/16/2021
/ Bitcoin ,
CFTC ,
Crypto Exchanges ,
Cryptocurrency ,
Derivatives ,
Digital Currency ,
Enforcement Actions ,
Investigations ,
Know Your Customers ,
Popular ,
Trading Platforms ,
Virtual Currency
In late February, the New York Attorney General’s office (“NYAG”) settled with Bitfinex and Tether stemming from charges relating to financial mismanagement. The NYAG alleged that Bitfinex and Tether attempted to cover up...more
3/15/2021
/ Banking Sector ,
Bitcoin ,
Crypto Exchanges ,
Cryptocurrency ,
Digital Currency ,
Enforcement Actions ,
Financial Transactions ,
Mismanagement ,
Settlement Agreements ,
Stablecoins ,
Virtual Currency
In December 2020, three days before Christmas, the SEC filed a significant case against Ripple, the major cryptocurrency company. Ripple is a major cryptocurrency company, utilizing the technology to create a global digital...more
1/13/2021
/ Accredited Investors ,
Compliance ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Offering Fraud ,
Popular ,
Ripple ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
Unregistered Securities
You’ve heard this before, but it still holds true – cryptocurrency regulations are coming. Everyone knows they’re inevitable, and there has been some trepidation amongst investors that regulations will disrupt innovation and...more
3/15/2019
/ Bitcoin ,
Compliance ,
Crypto Exchanges ,
Cryptocurrency ,
Digital Currency ,
Financial Markets ,
Hackers ,
Initial Coin Offering (ICOs) ,
Investment Opportunities ,
Money Laundering ,
Money Transmitter ,
Ponzi Scheme ,
Regulatory Standards ,
Token Sales ,
Virtual Currency
As we have continued with our cryptocurrency posts, we are often asked questions about the foundational elements of the technology behind cryptocurrency. This is not surprising really, it’s a new technology that’s still...more
A few days ago, Congress released its 2018 Joint Economic Report. As many of you know, the Joint Economic Committee prepares this report as a national assessment of the country’s economic status. The report often assesses...more
3/22/2018
/ Bitcoin ,
Blockchain ,
Congressional Reports ,
Cryptocurrency ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Entrepreneurs ,
Initial Coin Offering (ICOs) ,
Initial Public Offering (IPO) ,
Innovation ,
Popular ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Virtual Currency
The world is abuzz about cryptocurrency. By this point, most everyone has heard of Bitcoin, and may even know about some of the other big players in the world such as Ethereum, Ripple, Litecoin, and countless others. The...more
3/8/2018
/ Bitcoin ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Initial Coin Offering (ICOs) ,
Securities and Exchange Commission (SEC) ,
Technology Sector ,
Token Sales ,
Virtual Currency