This week’s summary includes updates on anti-money laundering in the crypto-friendly nation of Malta and a proposal to regulate cryptocurrency miners in the United States to help stop human trafficking....more
9/18/2019
/ Anti-Money Laundering ,
Bitcoin ,
Bitcoin Mining ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Digital Currency ,
EU ,
Facebook ,
France ,
Gold ,
Human Trafficking ,
IMF ,
International Finance ,
Malta ,
Regulatory Agenda ,
Startups ,
Strategic Planning ,
Token Sales ,
Virtual Currency
The Polsinelli BitBlog Weekly Update begins with the U.S. Securities and Exchange (“SEC”) settlement with an issuer of securities, who managed to both illegally offer securities, and create an unlicensed exchange to trade...more
9/11/2019
/ Anti-Money Laundering ,
Bad Faith ,
Bitcoin ,
Blockchain ,
Corporate Issuers ,
Cryptocurrency ,
Digital Currency ,
Enforcement Actions ,
Facebook ,
Federal Trade Commission (FTC) ,
Financial Transactions ,
FINMA ,
Illegal Trading ,
Initial Coin Offering (ICOs) ,
Mobile Apps ,
Publicly-Traded Companies ,
Pyramid Schemes ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Violations ,
Settlement Agreements ,
Strict Compliance ,
Token Sales ,
Trading Policies ,
Willful Violations
This week saw two items of note in the regulation of digital assets and both came out of the state of New York.
The Return of the Empire State -
A New York State Supreme Court ruled that it has personal and subject...more
8/27/2019
/ Bitcoin ,
Blue Sky Laws ,
Cryptocurrency ,
Currency Exchange ,
Digital Assets ,
Enforcement Actions ,
ETFs ,
Exchange-Traded Products ,
Financial Services Industry ,
Injunctions ,
IRS ,
Martin Act ,
Motion to Dismiss ,
NY Supreme Court ,
Personal Jurisdiction ,
Regulatory Oversight ,
Regulatory Standards ,
State and Local Government ,
State Attorneys General ,
Subject Matter Jurisdiction ,
Tax Liability ,
Virtual Currency
On July 26, 2019, the IRS announced that it was in the process of sending letters to over 10,000 taxpayers with a history of cryptocurrency transactions by the end of August, noting that the letters were sent to taxpayers...more
8/24/2019
/ Bitcoin ,
Cryptocurrency ,
Digital Currency ,
Financial Transactions ,
Investment ,
IRS ,
Popular ,
Reporting Requirements ,
Tax Liability ,
Tax Planning ,
Tax Returns
The end of July saw continued regulatory activity in the digital assets space. This entry of BitBlog will cover some of the highlights.
1) The U.S. Securities and Exchange Commission (“SEC”) continues to dole out bits of...more
8/12/2019
/ Bitcoin ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Financial Conduct Authority (FCA) ,
Financial Transactions ,
FinTech ,
Investment Opportunities ,
Mt.Gox ,
NYDFS ,
Regulatory Agenda ,
Regulatory Oversight ,
Retail Investors ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
UK
As the summer continues to heat up so does the digital asset industry with two major developments.
The Libra announcement last month represented a milestone in the cryptocurrency industry....more
On January 22, 2019 FINRA, the self-regulatory organization for U.S. broker-dealers, released its “Risk Monitoring and Examination Priorities Letter” for 2019. A number of of FINRA’s hot topics for 2019 should be of interest...more
2/11/2019
/ Bitcoin ,
Broker-Dealer ,
Digital Assets ,
Digital Currency ,
FinTech ,
Initial Coin Offering (ICOs) ,
Investment Opportunities ,
Market Manipulation ,
Regulatory Oversight ,
Regulatory Standards ,
SEC Examination Priorities ,
Securities and Exchange Commission (SEC) ,
Token Sales