U.S. Developments -
Federal and State Regulatory Developments -
U.S. Department of Homeland Security Issues Challenge for Development of Trusted User Interface for Digital Wallets -
The U.S. Department of Homeland Security...more
9/23/2020
/ Bahamas ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
CSBS ,
Department of Homeland Security (DHS) ,
Digital Wallets ,
Distributed Ledger Technology (DLT) ,
EU ,
FinCEN ,
Gibraltar ,
India ,
Money Laundering ,
New Zealand ,
Nigeria ,
No-Action Relief ,
Popular ,
Reinstatement ,
Securities and Exchange Commission (SEC) ,
Security Token Offering (STOs) ,
SEFs ,
Terrorism Funding ,
Virtual Goods
US Developments -
Federal and State Regulatory Developments -
OCC Announces a New Acting Comptroller of the Currency -
On May 21, 2020, current Comptroller of the Currency Joseph M. Otting announced that he is stepping...more
5/29/2020
/ Anti-Money Laundering ,
Bitcoin ,
Blockchain ,
Brazil ,
Counter-Terrorist ,
Digital Currency ,
Financial Action Task Force ,
Financing ,
Iran ,
IRS ,
Popular ,
Tax Returns ,
Virtual Currency
U.S. Developments -
Federal and State Regulatory Developments -
Bill in Hawaii State Senate Addresses Digital Assets Including Authorization for Banks to Serve as Qualified Custodians -
SB 2594 before the Hawaii...more
1/29/2020
/ Amicus Briefs ,
Anti-Fraud Provisions ,
Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Financial Institutions ,
FinTech ,
International Tax Issues ,
Japan ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Uniform Commercial Code (UCC) ,
Unregistered Securities ,
Virtual Currency
U.S. Developments -
U.S. Federal Regulatory Developments -
SEC Staff Holds FinTech Forum to Discuss Blockchain Technology and Digital Assets -
On May 31, 2019, the staff of the U.S. Securities and Exchange Commission...more
6/7/2019
/ Blockchain ,
Cryptocurrency ,
Distributed Ledger Technology (DLT) ,
FinTech ,
Initial Coin Offering (ICOs) ,
Popular ,
Registration Requirement ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
State Attorneys General ,
Token Sales ,
Utility Tokens ,
Virtual Currency
U.S. Developments -
Congressmen Introduce Legislation to Define “Digital Token” Under the Securities Laws -
On December 20, 2018, two congressmen introduced the “Token Taxonomy Act” (H.R. 7356) before the 115th Congress...more
1/8/2019
/ Anti-Money Laundering ,
Blockchain ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Economic Growth Regulatory Relief and Consumer Protection Act ,
FDIC ,
Financial Regulatory Agencies ,
Hong Kong ,
Initial Coin Offering (ICOs) ,
Initial Public Offering (IPO) ,
No-Action Letters ,
Popular ,
Securities and Exchange Commission (SEC) ,
South Korea ,
Supply Chain ,
Token Sales ,
UCLA ,
UK ,
United Arab Emirates (UAE)
U.S. Developments -
Federal Bank Regulators Issue Joint Statement on Collaborative BSA/AML Compliance -
On October 3, 2018, a group of federal bank regulators and the Financial Crimes Enforcement Network (“FinCEN”)...more
10/9/2018
/ Anti-Money Laundering ,
ASIC ,
Bank Secrecy Act ,
Blockchain ,
CFTC ,
Commodity Exchange Act (CEA) ,
Cryptocurrency ,
Financial Industry Regulatory Authority (FINRA) ,
FinCEN ,
Initial Coin Offering (ICOs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
South Korea ,
Token Sales ,
Virtual Currency
In a flurry of enforcement activity in the digital asset space, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization for broker-dealers,...more
10/8/2018
/ Blockchain ,
Broker-Dealer ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
Initial Coin Offering (ICOs) ,
Investment Adviser ,
Investment Companies ,
Investment Company Act of 1940 ,
Popular ,
Regulation D ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Unregistered Securities
Ohio Enacts Cybersecurity Law with addition of Blockchain to Ohio’s Uniform Electronic Transactions Act -
On August 7, 2018 Ohio Governor John Kasich signed SB 220, which adds “blockchain technology” to the definition of...more
8/14/2018
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Extraterritoriality Rules ,
Germany ,
Governor Kasich ,
Initial Coin Offering (ICOs) ,
Japan ,
Legislative Agendas ,
New Legislation ,
Personal Jurisdiction ,
Philippines ,
Popular ,
Pump and Dump ,
Securities and Exchange Commission (SEC) ,
Thailand ,
Token Sales ,
UK
The following update is on our Fintech Legal Report:
FINRA Issues a Regulatory Notice for Firms to Let FINRA Know About Digital Asset Activities -
U.S. Developments -
Regulatory Updates -
Vermont Enacts...more
7/16/2018
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Dear Colleague Letter ,
Department of Justice (DOJ) ,
Digital Assets ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
FinTech ,
Governor Scott ,
India ,
Initial Coin Offering (ICOs) ,
Limited Liability Company (LLC) ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
UK ,
Virtual Currency