Our fifth episode provides an overview of the key legal issues facing cryptocurrencies and blockchain in the U.S....more
3/30/2022
/ Bank Secrecy Act ,
Banking Sector ,
Biden Administration ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Commodities ,
Cryptocurrency ,
Derivatives ,
Digital Assets ,
Digital Currency ,
Executive Orders ,
FinCEN ,
IRS ,
Money Transmitter ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Unregistered Securities ,
Virtual Currency
This week a U.S. investment bank announced the public launch of its digital asset division. According to a press release, “the new division offers full-service trade execution and custody solutions on a platform that provides...more
On March 9, 2022, President Joe Biden signed the Executive Order on Ensuring Responsible Development of Digital Assets (EO) and the White House released a corresponding fact sheet summarizing related key policy objectives. As...more
CBDC Research Published, Fintech Firms and Banks Launch Crypto Initiatives -
The Boston branch of a major U.S. banking agency and the Massachusetts Institute of Technology recently released “the findings of their initial...more
2/14/2022
/ Anti-Money Laundering ,
Banks ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Enforcement Actions ,
FinTech ,
HMRC ,
Non-Fungible Tokens (NFTs) ,
Securities Transactions ,
UK
Crypto Payments Consortium Sells Assets; Other Crypto Firms Make Moves -
A well-known digital payments consortium announced this week that it will sell its blockchain-based technology to a large cryptocurrency-focused U.S....more
1/31/2022
/ Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Criminal Prosecution ,
Cryptocurrency ,
Department of Justice (DOJ) ,
FinTech ,
GAAP ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC)
Financial Messaging Network Launches Experiments in Stablecoin Sector - A global messaging network used by financial institutions to send and receive financial information recently announced that it is exploring the tokenized...more
Traditional Financial Firms Integrate Crypto Services, CBDC Reports Published - This week a fintech and e-commerce firm announced the integration of its payment gateway with a major U.S. financial services corporation’s new...more
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
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
CBDC Initiatives Announced, Blockchain Trade Finance Platform Launches - This week, the Bank for International Settlements (BIS) announced Project Dunbar, an initiative in which BIS will collaborate with the Reserve Bank of...more
9/7/2021
/ Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Digital Currency ,
Financial Markets ,
Fraud ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
Crypto Firms Pursue Bank Charters, Traditional Financial Firms Integrate Crypto - This week, the Wyoming Division of Banking granted a new Special Purpose Depository Institution (SPDI) bank charter to Commercium Financial...more
US Stablecoin Issuers Publish New Details on US Dollar Reserves - This week, Circle, the issuer of USDC – a cryptocurrency “stablecoin” with each unit backed 1:1 by U.S. dollars – published its latest reserve attestation...more
CBDC Paper Released, NY DFS Grants License, Study Cites Crypto Adoption - The Digital Dollar Project, a partnership created by the Digital Dollar Foundation, released a white paper this week highlighting use cases for a U.S....more
Fintech Firm Brings $50 Million BTC on to Balance Sheet, Major CBDC Report Published - Late last week, a major U.S. fintech and payments firm published a “Bitcoin Investment Whitepaper” and announced that it purchased $50...more
Cryptoasset Study Published, Bahamas Launches CBDC, Zcash Service Announced - The University of Cambridge has published its 3rd Global Cryptoasset Benchmarking Study. ...more