News & Analysis as of

Digital Currency Blockchain Central Bank Digital Currency (CBDCs)

Orrick, Herrington & Sutcliffe LLP

President Trump issues executive order on digital financial technology

On January 23, the White House issued Executive Order 14178: Strengthening American Leadership in Digital Financial Technology to promote “open access to banking services” and prohibit central bank digital currencies (CBDCs)....more

Hogan Lovells

The Payments Newsletter including Digital Assets and Blockchain, January 2025

Hogan Lovells on

Key developments of interest over the last month include: the U.S. Consumer Financial Protection Bureau looking at digital payment privacy and consumer protections; the UK FCA publishing a discussion paper on admissions and...more

Hogan Lovells

The Payments Newsletter including Digital Assets & Blockchain, August 2024

Hogan Lovells on

Key developments of interest over the last month include: the Bank of England publishing a discussion paper on its approach to innovation in money and payments; the European Commission publishing clarifying Q&As on the...more

BakerHostetler

Weekly Blockchain Blog - June 2024 #4

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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

Hogan Lovells

The Payments Newsletter including Digital Assets & Blockchain, June 2024

Hogan Lovells on

Key developments of interest over the last month include: the European Banking Authority’s publication of a report on virtual IBANs; HM Treasury’s designation of banks under the access to cash framework; and a Central Bank of...more

Hogan Lovells

The Payments Newsletter including Digital Assets & Blockchain, February 2024

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Key developments of interest over the last month include: the European Parliament’s ECON Committee adopting draft reports on the European Commission’s PSR and PSD3 legislative proposals; ESMA consulting on 'reverse...more

Kilpatrick

デジタル資産とWeb 3.0に対する日本の「国家戦略」: 税制改革、ステーブルコイン、NFT、投資、及び、国際的リーダーシップ - Japan’s “National Strategy” for Digital Assets and Web 3.0: Tax...

Kilpatrick on

2021年に就任以来、日本の岸田文雄首相は、日本に「新しい資本主義」を確立することを目指してきた。岸田首相のビジョンの中心にあるのは、日本の「Web3.0時代におけるデジタル経済」を発展させるための「国家戦略」であり、これは「デジタル社会の実現」と日本経済の未来にとって「鍵」となるものだと岸田政権は考えている。世界中で「激しい競争」が繰り広げられる中、日本は、ブロックチェーン技術に基づく分散型ネットワークである「Web3の未来を先導」するため大規...more

Hogan Lovells

The Payments Newsletter including Digital Assets and Blockchain, July 2023

Hogan Lovells on

Key developments of interest over the last month include: the European Commission’s publication of legislative proposals including for PSD3, a Payment Services Regulation and a digital euro; the UK Chancellor of the Exchequer...more

BakerHostetler

CBDC Initiatives Advance in Colombia, Hong Kong; DOJ Charges Defendants in Mt. Gox Hack, BTC-e; CFTC Wins Ooki DAO Case; Crypto...

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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

Davis Wright Tremaine LLP

The Digital Pound: "More Likely Than Not"

On February 7, 2023, the Bank of England (BoE) released two documents concerning a central bank digital currency (CBDC), a prospective government-backed digital form of U.K. currency also known as the "digital pound." ...more

Kilpatrick

A Brief Primer on Cryptocurrencies, Stablecoins, Tokenization, and Central Bank Digital Currencies

Kilpatrick on

Digital assets, including cryptocurrencies, stablecoins, tokenized assets, and central bank digital currencies, are fundamentally reshaping U.S. and global business and transactions. That said, this transformation is complex,...more

Kilpatrick

IRS Publishes Advice Concerning Cryptocurrency that has Declined in Value

Kilpatrick on

On January 13, 2023, the Internal Revenue Service (IRS) Office of Chief Counsel published Memorandum 202302011 titled “[a]pplicability of I.R.C. section 165 to cryptocurrency that has declined in value.” The Memorandum...more

Kilpatrick

The State of Digital Assets Regulation and Foundational Terminology (Crypto, Stablecoin, and CBDC)

Kilpatrick on

The last twelve months have seen unprecedented adoption, evolution, and turbulence across the digital assets sphere. Whether cryptocurrencies, stablecoins, or central bank digital currencies (CBDCs), all of which qualify as...more

McGlinchey Stafford

Understanding DeFi: Words Have Meaning, But What Do They Mean?

McGlinchey Stafford on

Perhaps the most challenging (and intimidating) part of Decentralized Finance is understanding all the terms and industry jargon—many of which are new and technical, while others are as old as time but commonly misunderstood....more

K2 Integrity

[Webinar] Opportunities, Risks, and Compliance in the Digital Asset Space - September 14th, 12:00 pm - 1:00 pm EST

K2 Integrity on

Digital assets—ranging from cryptocurrencies and stablecoins to non-fungible tokens (NFTs) and central bank digital currencies—hold the power to transform the world of traditional finance. But with such tremendous...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - June 2022 - Implications of a United States Central Bank Digital Currency

In a recent article , I provided a snapshot of the many reports required by the Executive Order on Ensuring Responsible Development of Digital Assets issued on March 9, 2022....more

BakerHostetler

Crypto Payment Initiatives Launch; Report Cites Evolving Crypto Views; G7, ECB, BIS Address Crypto Risks; DOJ, CFTC Target NFT...

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New Cryptocurrency Payments Systems, Tokens and Trade Associations Launch - A leading global cryptocurrency platform has reportedly announced a partnership with a global e-commerce platform that would allow e-commerce...more

McGuireWoods LLP

Is the Future of the Dollar Digital? The Fed Talks Updating Greenbacks to the Blockchain

McGuireWoods LLP on

On May 26, three days into her term as Vice Chair of the Federal Reserve, Lael Brainard testified about the Federal Reserve’s Examination of the Benefits and Risks of a U.S. Central Bank Digital Currency (CBDC) before the...more

Pillsbury Winthrop Shaw Pittman LLP

Commerce Requests Public Input on Digital Assets in Response to Biden’s Executive Order

Businesses connected to digital assets in any way have an opportunity to influence public policy if they submit comments by July 5, 2022. On May 19, 2022, the U.S. Department of Commerce’s International Trade...more

BakerHostetler

Crypto Products and Mining Initiatives Launch; Sports and Spirits Firms Embrace Blockchain; US Agencies Seek Crypto Input, Address...

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A well-known digital currency investment services company announced the launch of its first European exchange-traded fund (ETF), according to a press release this week. The ETF, which will be traded on multiple foreign...more

Proskauer - Blockchain and the Law

European Central Bank Executive Board Member Decries “Crypto Gamble” and Echoing SEC Chair Gensler, Calls for Regulation of the...

In a speech given this week at Columbia University by Fabio Panetta, Member of the Executive Board of the European Central Bank (ECB), he decried the entire “crypto gamble,” seeing crypto-assets as “bringing about instability...more

BakerHostetler

[Podcast] Blockchain University: Relationship Drama: Cryptocurrencies, Blockchain and the Law

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Our fifth episode provides an overview of the key legal issues facing cryptocurrencies and blockchain in the U.S....more

Nelson Mullins Riley & Scarborough LLP

A Day Late and a Digital Dollar Short: Central Bank Digital Currencies

“You can count on the Americans to do the right thing after exhausting the alternatives.” As China, the fastest growing economy in the world, actively works to its central bank digital currency (“CBDC”), the United States has...more

BakerHostetler

Crypto Financial Products Launch; G7 Addresses CBDCs; SEC Commissioners and Foreign Regulators Address Crypto; ICO Founders Plead...

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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

BakerHostetler

Market Updates in CBDCs, Crypto Funds, BD-ATS Platforms and Stablecoins; DOJ and CFTC Enforcement Continues; DeFi Error Releases...

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CBDCs Explored by the U.K., New Zealand and Major Payments Network - This week, the Bank of England and Her Majesty’s Treasury announced the members appointed to its central bank digital currency (CBDC) Engagement and...more

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