Crypto Payments Firms Announce New Integrations and Initiatives -
According to reports, fintech bank Revolut recently announced a partnership with Ledger, a major crypto hardware wallet provider, to make it easier for...more
9/9/2024
/ Banks ,
Bitcoin ,
Blockchain ,
BSA/AML ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Cyber Attacks ,
Decentralized Finance (DeFi) ,
Digital Platforms ,
Enforcement Actions ,
FBI ,
Federal Trade Commission (FTC) ,
Hackers ,
Korea ,
Malware ,
Non-Fungible Tokens (NFTs) ,
Office of Foreign Assets Control (OFAC) ,
Phishing Scams ,
Risk Mitigation ,
Scams ,
Securities and Exchange Commission (SEC) ,
State Attorneys General ,
Unregistered Securities ,
Wells Notice
Crypto Custody Providers Launch Institutional Focused Offerings -
According to a recent press release by BitGo, a major U.S. cryptocurrency custody provider, BitGo’s GoNetwork and Copper’s ClearLoop have entered into a...more
11/13/2023
/ Banks ,
Bureau of Industry and Security (BIS) ,
Cryptoassets ,
Cryptocurrency ,
Debit Cards ,
Digital Assets ,
Digital Wallets ,
Distributed Ledger Technology (DLT) ,
EU ,
European Banking Authority (EBA) ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Popular ,
Stablecoins
Montenegro Announces CBDC Pilot, BIS Compares CBDCs to Stablecoins -
According to a recent press release, “The Central Bank of Montenegro (CBCG) has agreed to collaborate with the enterprise crypto and blockchain solutions...more
4/17/2023
/ AML/CFT ,
Banks ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Decentralized Finance (DeFi) ,
Ethereum ,
EU ,
Financial Services Industry ,
Hackers ,
Popular ,
Risk Assessment ,
Stablecoins ,
Tax Liability ,
U.S. Treasury
“Z” Doors Are Open: Rival Zero Knowledge EVMs Launch -
Earlier this week, a technology innovation lab reportedly released a public Alpha version of its “zero-knowledge Ethereum Virtual Machine” (zkEVM), which has been...more
4/3/2023
/ Banks ,
CFTC ,
Commodity Exchange Act (CEA) ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Depository Institutions ,
Enforcement Actions ,
Ethereum ,
Federal Reserve ,
Securities and Exchange Commission (SEC)
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)
CBDC Research Published, Fintech Firms and Banks Launch Crypto Initiatives -
The Boston branch of a major U.S. banking agency and the Massachusetts Institute of Technology recently released “the findings of their initial...more
2/14/2022
/ Anti-Money Laundering ,
Banks ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Enforcement Actions ,
FinTech ,
HMRC ,
Non-Fungible Tokens (NFTs) ,
Securities Transactions ,
UK
US and Swiss Financial Firms Announce Decentralized Exchange, Digital Bond - A major U.S. fintech and digital payments company recently released a white paper detailing tbDEX, a new decentralized protocol for exchanging...more
12/8/2021
/ Banking Sector ,
Banks ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Financial Markets ,
IRS ,
Non-Fungible Tokens (NFTs) ,
OCC ,
Popular ,
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
US Bank and Trust Companies Move Forward with Cryptocurrency Services - This week Avanti Bank & Trust was granted a bank charter from the Wyoming State Banking Board. ...more
The Bitcoin Network is the world’s first implementation of blockchain technology, and bitcoin is one of the world’s most widely used cryptocurrencies. In many respects, the blockchain market started with bitcoin, and so the...more
Crypto Initiatives Launched by Foreign Banks, Exchanges, Apps, Gaming Firms - According to a press release this week, the “Bank of Thailand (BOT) … has successfully launched the world’s first blockchain-based platform for...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
Reports Detail New Plans for Crypto Custody Services, Payment Cards and ATS Platforms - According to recent reports, a major multinational financial services firm is taking steps toward launching a cryptocurrency custody...more
Welcome to the 2018 Year-End Report from BakerHostetler’s Financial Services Industry Team . We are pleased to share our analysis of some of the key developments in the financial services industry in 2018 and our expectations...more
3/27/2019
/ Banking Sector ,
Banks ,
Borrowers ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Digital Currency ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Lenders ,
OCC ,
Payday Loans ,
Virtual Currency
Blockchain Initiatives in Healthcare and Other Industries Target Data Integrity, Speed and Analytics -
Last week, a not-for-profit alliance of life sciences industries firms announced an expansion of its blockchain project...more
2/18/2019
/ Banks ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Currency Exchange ,
Data-Sharing ,
Financial Institutions ,
Life Sciences ,
Payment Processors ,
Pharmaceutical Industry ,
Popular ,
Securities and Exchange Commission (SEC)
New York Attorney General Issues Virtual Markets Integrity Initiative Report - On Sept. 18, 2018, the New York Attorney General’s Office released its Virtual Markets Integrity Initiative Report. The report addressed 10 major...more
9/21/2018
/ Banks ,
Blockchain ,
Cryptocurrency ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Data Security ,
FinCEN ,
Hackers ,
Popular ,
Virtual Currency