On 23 January 2025, the Securities and Exchange Commission (SEC) repealed the infamous Staff Accounting Bulletin (SAB) 121 with the publication of the already much-lauded SAB 122. With President Donald Trump taking office on...more
Ask any centralized cryptocurrency firm to name one of their biggest priorities or challenges—and then count the number of times they mention bank partnerships. For crypto firms, the loss of, or failure to acquire, a bank...more
1/16/2025
/ Bank Secrecy Act ,
Blockchain ,
Compliance ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
FCC ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Governance Standards ,
Internal Controls ,
Know Your Customers ,
OCC ,
Popular ,
Regulatory Requirements ,
Risk Management ,
Service Level Agreements
Following a two-month public consultation period, on 15 November 2023 the New York State Department of Financial Services (NYDFS) published its new Virtual Currency Listing Guidance (the Guidance), in accordance with virtual...more
11/21/2023
/ Conflicts of Interest ,
Cryptocurrency ,
Cybersecurity ,
Governance Standards ,
Liquidity ,
NYDFS ,
Policies and Procedures ,
Retail Investors ,
Risk Assessment ,
Self-Certification ,
Stablecoins ,
Unfair or Deceptive Trade Practices ,
Virtual Currency