On October 15, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) released guidance on sanctions compliance for the digital currency industry, the agency’s most detailed guidance to date on...more
10/20/2021
/ Compliance ,
Corporate Counsel ,
Cryptocurrency ,
Digital Currency ,
Economic Sanctions ,
Financial Services Industry ,
New Guidance ,
Office of Foreign Assets Control (OFAC) ,
Ransomware ,
Regulatory Oversight ,
Risk Assessment ,
SDN List ,
Strict Liability ,
U.S. Treasury ,
Virtual Currency
U.S. Developments -
Litigation -
New York Resident Indicted for Duping Investors with Fake ICO Scam -
On November 6, the United States Attorney for the Southern District of New York announced a wire fraud charge...more
11/15/2019
/ Blockchain ,
British Columbia Securities Commission (BCSC) ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
FinTech ,
HMRC ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Initial Coin Offering (ICOs) ,
Scams ,
Securities Violations ,
Smart Contracts ,
Token Sales ,
Trading Platforms ,
Value-Added Tax (VAT) ,
Virtual Currency
U.S. Developments -
Regulatory Updates -
Texas Clarifies that Stablecoins Backed by Sovereign Currency Qualify as “Money” Under Money Transmission Statute -
The Texas Department of Banking recently issued a Supervisory...more
1/15/2019
/ Blockchain ,
China ,
Criminal Prosecution ,
Cryptocurrency ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
EU ,
European Securities and Markets Authority (ESMA) ,
Money Transmitter ,
OCIE ,
Popular ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Virtual Currency
Week of October 15-19, 2018 -
SEC Launches FinHub to Facilitate Public Engagement on FinTech Issues -
On October 18, the SEC launched FinHub, a new “Strategic Hub for Innovation and Financial Technology.” The SEC...more
10/22/2018
/ Aiding and Abetting ,
Bitcoin ,
CFTC ,
Cryptocurrency ,
Enforcement Actions ,
FinTech ,
Monetary Authority of Singapore ,
Ponzi Scheme ,
Popular ,
Securities and Exchange Commission (SEC) ,
Singapore ,
Smart Contracts ,
Virtual Currency
...On June 28, the Commodity Futures Trading Commission and the Securities and Exchange Commission announced a new Memorandum of Understanding meant to allow two agencies to further coordinate in areas of common...more
7/2/2018
/ Blockchain ,
Cryptocurrency ,
DEA ,
Department of Justice (DOJ) ,
Financial Institutions ,
Financial Markets ,
Governor Kasich ,
Howey ,
Initial Coin Offering (ICOs) ,
New Legislation ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Trafficking ,
Virtual Currency