On the heels of an interpretive letter allowing national banks and federal savings associations (FSAs) to provide cryptocurrency custody services to customers (see our LawFlash), the US Office of the Comptroller of the...more
The US Office of the Comptroller of the Currency (OCC) issued an interpretive letter on July 22 allowing national banks and federal savings associations (FSAs) to provide cryptocurrency custody services to their customers in...more
The New York Department of Financial Services has issued proposed “first-in-the-nation” cybersecurity rules that could place a heavy compliance burden on affected financial companies; Morgan Lewis submitted a comment letter...more
Addressing regulatory concerns pertaining to consumer protection, market stability, and law enforcement, the Framework expands on the CSBS draft framework released in December 2014.
The Conference of State Bank...more
10/15/2015
/ Bank Secrecy Act ,
BitLicense ,
CSBS ,
Cybersecurity ,
Disaster Preparedness ,
Disclosure Requirements ,
EFTA ,
Licenses ,
NMLS ,
Notice Requirements ,
NYDFS ,
Regulatory Standards ,
Risk Management ,
Startups ,
Third-Party ,
Virtual Currency
The proposal is consistent with international recommendations and Basel III criteria.
On March 12, the Securities and Exchange Commission (SEC) proposed new rules and rule amendments (the Proposal) that would enhance...more