Executive Order Establishes Strategic Bitcoin Reserve, Digital Asset Stockpile -
On March 6, President Trump issued an executive order (EO), Establishment of the Strategic Bitcoin Reserve and United States Digital Asset...more
3/10/2025
/ Anti-Money Laundering ,
Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Ethereum ,
Executive Orders ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Russia ,
Securities and Exchange Commission (SEC) ,
Trump Administration ,
U.S. Treasury
Digital Asset Companies Achieve Licenses, Launch Stablecoin Products -
According to a recent press release, Anchorage Digital, a digital asset platform and infrastructure provider, announced that the New York State...more
12/23/2024
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
Economic Sanctions ,
Enforcement Priorities ,
Financial Conduct Authority (FCA) ,
Hackers ,
Market Abuse ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
NYDFS ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
Stablecoins ,
Terrorism Funding ,
UK ,
United Arab Emirates (UAE) ,
Virtual Currency ,
Wells Notice
Crypto Exchanges and Stablecoin Issuers Announce Multiple New Products -
Multiple crypto sector companies have recently announced new products. In a press release, LayerZero, “an omnichain interoperability protocol that...more
11/18/2024
/ Artificial Intelligence ,
Benchmarks ,
Bitcoin ,
Blockchain ,
Criminal Convictions ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptocurrency ,
Data Security ,
Decentralized Autonomous Organization (DAO) ,
Department of Justice (DOJ) ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Ethereum ,
Information Reports ,
Market Research ,
Money Laundering ,
Money Transmitter ,
Open Source Software ,
Popular ,
Regulatory Standards ,
Scams ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Virtual Currency
Crypto Companies Announce Licenses, Acquisitions, New Products -
According to recent reports, a major Chicago-based digital asset trading desk recently obtained a BitLicense from the New York Department of Financial...more
6/24/2024
/ Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptocurrency ,
Dark Web ,
Department of Justice (DOJ) ,
Digital Assets ,
Digital Currency ,
Digital Marketplace ,
ETFs ,
Ethereum ,
Securities and Exchange Commission (SEC) ,
Surveys ,
Virtual Currency
Hong Kong Approves Crypto ETFs; Crypto Security, Payments Products Launch -
According to recent reports, the Hong Kong Securities and Futures Trading Commission has conditionally approved the launch of the first spot...more
4/29/2024
/ Bitcoin ,
Bitcoin Mining ,
Blockchain ,
Criminal Prosecution ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Currency ,
ETFs ,
FBI ,
Fraud ,
Hong Kong ,
IRS ,
Popular ,
Ransomware ,
Virtual Currency
US Firms Launch New Stablecoin Products, Crypto Debit Card Launches -
A major U.S. financial technology firm recently announced plans to launch a U.S. dollar-backed stablecoin. According to a blog post by the company, the...more
Financial Institutions Add Bitcoin ETFs, Crypto Product Integrations Continue -
According to recent reports, two major U.S. financial institutions have begun offering spot bitcoin exchange-traded funds (ETFs) to their...more
3/11/2024
/ Bitcoin ,
Bitcoin Mining ,
Blockchain ,
Cryptoassets ,
Cryptocurrency ,
Department of Energy (DOE) ,
Digital Assets ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Energy Information Association (EIA) ,
ETFs ,
Financial Institutions ,
Non-Fungible Tokens (NFTs) ,
Rare Earth Metals ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC)
New Data Published on Cryptocurrency Market Growth -
CoinGecko recently released its 2023 Annual Crypto Industry Report. According to the report, “the crypto market experienced a surge in anticipation related to ETFs” and...more
1/29/2024
/ Bitcoin ,
Bitcoin Mining ,
Blockchain ,
Compliance ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
Financial Industry Regulatory Authority (FINRA) ,
FinTech ,
Hackers ,
Securities and Exchange Commission (SEC) ,
Stablecoins
Financial Firm Completes CBDC Pilot; Exchanges Launch P2P Trading Platform -
A major U.S. financial services firm recently published a press release announcing that it has “successfully demonstrated capabilities of a new...more
10/23/2023
/ Banking Regulators ,
Bitcoin ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Governor Newsom ,
Hamas ,
New Legislation ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Risk Management
CBDC Initiatives Advance in Colombia and Hong Kong -
According to a recent press release, a major U.S. fintech company and “leader in enterprise blockchain and crypto solutions” has announced a collaboration with Colombia’s...more
6/20/2023
/ Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Colombia ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Currency ,
Digital Wallets ,
Hackers ,
Hong Kong ,
Popular
New Data Published on 2022 Crypto Exchange Trading Volume, NFT Royalties -
According to recent reports, Binance, currently the world’s largest cryptocurrency exchange by trading volume, controlled 92 percent of global...more
1/16/2023
/ CFTC ,
Criminal Investigations ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Data-Sharing ,
Department of Justice (DOJ) ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Royalties
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
New Fiat-Pegged Stablecoins Launch, BIS Publishes New Findings on CBDCs -
Late last week, a global fintech firm and issuer of the dollar-pegged stablecoin, USD Coin (USDC), announced that it was preparing to issue a...more
6/27/2022
/ Auction ,
Canada ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Financial Services Industry ,
FinTech ,
Non-Fungible Tokens (NFTs) ,
Stablecoins ,
Startups ,
Ukraine
Fintech and Crypto Firms Announce Myriad New Crypto Product Launches -
This week, a major global payments firm announced the launch of a stablecoin settlement solution that leverages technology by Fireblocks, a digital...more
6/10/2022
/ Bitcoin ,
Blockchain ,
Bureau of Industry and Security (BIS) ,
CFTC ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Embezzlement ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
FinTech ,
Fraud ,
Hackers ,
NYDFS ,
Popular ,
Scams ,
Stablecoins ,
Virtual Currency
Non-fungible tokens (NFTs) are the latest advancement in the ongoing evolution of the blockchain market. To help put this new phenomenon into context, the BakerHostetler Blockchain team has prepared a series of papers that...more
Our fifth episode provides an overview of the key legal issues facing cryptocurrencies and blockchain in the U.S....more
3/30/2022
/ Bank Secrecy Act ,
Banking Sector ,
Biden Administration ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Commodities ,
Cryptocurrency ,
Derivatives ,
Digital Assets ,
Digital Currency ,
Executive Orders ,
FinCEN ,
IRS ,
Money Transmitter ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Unregistered Securities ,
Virtual Currency
Key Takeaways -
..Banks and cryptocurrency exchanges need to update their BSA programs to account for the unique aspects of cryptocurrencies, detect and report related suspicious activity, and minimize the risk of...more
2/17/2022
/ BSA/AML ,
Compliance ,
Corporate Criminal Fines ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptocurrency ,
Cyber Crimes ,
Department of Justice (DOJ) ,
Digital Currency ,
FBI ,
Financial Institutions ,
FinCEN ,
Policies and Procedures ,
U.S. Treasury ,
White Collar Crimes
From Music to Marketplaces: NFT Use Cases Continue to Expand - According to recent reports, a Philadelphia rapper has announced that the final installment of his mixtape series will drop as a non-fungible token (NFT). Details...more
Multiple US Financial Services Firms Announce Cryptocurrency Initiatives - This week a major U.S. financial services firm announced the launch of a “Crypto Advisory Practice” that will leverage the firm’s work “with more than...more
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
Raising Municipal Funds and Rewarding Loyalty: New Cryptocurrency Use Cases - Earlier this week, a cryptocurrency nonprofit organization reportedly launched a Bitcoin-based digital asset designed to raise funds for New York...more
Traditional Financial Firms Integrate Crypto Services, CBDC Reports Published - This week a fintech and e-commerce firm announced the integration of its payment gateway with a major U.S. financial services corporation’s new...more
Financial Firms Integrate Crypto Products, New Bitcoin Network Data Published - This week, a large financial services corporation and a digital wallet app company announced a partnership to reduce friction among merchants,...more
Crypto Products Launch in Payments, ETFs, DeFi; Bitcoin Mining Data Published - This week, a digital asset marketplace announced a partnership with a major multinational technology company specializing in Internet and...more