News & Analysis as of November 15, 2024

Guidance Update

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Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender status, Virtual Currency is still traded and exchanged in some environments, typically online environments or communities. Bitcoin is the most well-known form of Virtual Currency. less -

Significant State Regulatory Development in the Virtual Currency Industry in California and New York

Goodwin on 4/30/2024

California enacted its own version of New York’s “BitLicense” law, the Digital Financial Assets Law (DFAL), becoming one of the first US states to implement a virtual currency-specific regulatory regime. ...more

What Game Companies Need to Know About FinCEN’s Updated Guidance on Virtual Currency

Sheppard Mullin Richter & Hampton LLP on 5/14/2019

FinCEN has issued updated guidance addressing the use of crypto currency and other convertible virtual currency (CVC). A portion of this guidance addresses the use of CVC in games. The guidance does not establish any new...more

FinCEN Updates Guidance on Crypto

Sheppard Mullin Richter & Hampton LLP on 5/13/2019

FinCEN has issued 2 new guidance documents addressing cryptocurrency and other convertible virtual currency (CVC). The guidance does not establish any new regulatory expectations. Rather, it consolidates current FinCEN...more

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Virtual Currency › Money Transmitter › Guidance Update

Significant State Regulatory Development in the Virtual Currency Industry in California and New York

What Game Companies Need to Know About FinCEN’s Updated Guidance on Virtual Currency

FinCEN Updates Guidance on Crypto

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