Fifth Circuit Limits Privacy on Digital Asset Transactions -
On June 30, the United States Court of Appeals for the Fifth Circuit (Fifth Circuit) ruled that FBI agents who subpoenaed a cryptocurrency exchange for records...more
The OCC Announces New Acting Comptroller and Includes FinTech Charters Among Focuses -
On May 29, 2020, the Office of the Comptroller of Currency (OCC), the primary federal regulator of national banks, announced Brian P....more
6/26/2020
/ Blockchain ,
Cryptocurrency ,
Financial Services Committee ,
FinTech ,
OCC ,
Ontario Securities Commission (OSC) ,
Regulatory Requirements ,
Russia ,
Securities and Exchange Commission (SEC) ,
Supreme Court of the Russian Federation ,
Voting Securities
U.S. Developments -
Members of Congress Respond to IRS Tax Guidance for Digital Assets -
On December 20, eight members of the U.S. House of Representatives sent a letter to the Commissioner of the Internal Revenue...more
1/17/2020
/ Bahamas ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
International Emergency Economic Powers Act (IEEPA) ,
IRS ,
Qatar ,
Securities and Exchange Commission (SEC) ,
Securities Fraud
U.S. Developments -
Mark Zuckerberg Testifies Before U.S. House of Representatives Regarding Libra -
On October 23, Facebook, Inc. CEO, Mark Zuckerberg, testified before the House Committee on Financial Services regarding...more
11/1/2019
/ Bitcoin ,
Blockchain ,
CFTC ,
Congressional Investigations & Hearings ,
Cryptocurrency ,
Digital Currency ,
Enforcement of Foreign Judgments ,
Exchange-Traded Products ,
Facebook ,
Financial Services Industry ,
Investment Company Act of 1940 ,
Investment Contract ,
Mark Zuckerberg ,
Popular ,
Securities Exchange Act
The Ethereum Classic blockchain was the victim of a 51% attack (often called a majority or Sybil attack) on January 5, 2019 that reorganized portions of the blockchain and allowed the attackers to double-spend 219,500 ETC...more
2/22/2019
/ ASIC ,
Bitcoin ,
Bitcoin Mining ,
Blockchain ,
CFTC ,
Commodity Exchange Act (CEA) ,
Computer Fraud and Abuse Act (CFAA) ,
Cryptocurrency ,
Cyber Attacks ,
Cybersecurity ,
Distributed Ledger Technology (DLT) ,
Ethereum ,
Popular ,
Private Right of Action ,
Virtual Currency
U.S. Developments -
Flood of State Virtual Currency Legislation -
Since the start of the new year there have been roughly nine virtual currency bills introduced or passed in four different states. Overall, the bills...more
1/24/2019
/ Blockchain ,
Cryptocurrency ,
Distributed Ledger Technology (DLT) ,
Financial Instruments ,
Government Shutdown ,
Initial Coin Offering (ICOs) ,
Initial Public Offering (IPO) ,
Money Transmitter ,
New Legislation ,
Popular ,
Regulatory Oversight ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
State and Local Government ,
Token Sales ,
Virtual Currency
U.S. Developments -
SEC Remarks on International Virtual Currency Enforcement -
On December 5, 2018, Steven Peikin, Co-Director of the Division of Enforcement at the U.S. Securities and Exchange Commission (“SEC”), gave a...more
12/13/2018
/ Anti-Money Laundering ,
Blockchain ,
BSA/AML ,
Corporate Counsel ,
Cryptocurrency ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
EU ,
FATF ,
FinCEN ,
FINMA ,
G20 ,
Initial Coin Offering (ICOs) ,
NYDFS ,
Popular ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Switzerland ,
The Clayton Act ,
Token Sales ,
Unregistered Securities ,
Virtual Currency
On October 18, 2018, the U.S. Securities and Exchange Commission (SEC), announced the launch of the agency’s Strategic Hub for Innovation and Financial Technology (FinHub). FinHub is a resource for industry engagement between...more
New Appointments to the SEC and CFTC Have Their Eyes on Virtual Currency -
The U.S. Senate voted this week to confirm Dawn Stump (R) and Dan Berkovitz (D) as commissioners of the Commodity Futures Trading Commission...more
9/12/2018
/ Bitcoin ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Financial Instruments ,
Financial Markets ,
Financial Services Industry ,
Global Market ,
Popular ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Virtual Currency