• New Crypto Products Launch; Singapore Completes DeFi Pilot with Major Banks• Report Provides New Data on NFT Royalties and Explores Related Issues• Ethereum Efficiency Data Published; Blockchain Infrastructure Projects Launch• IRS Updates Digital
The Blockchain Monitor, published by Baker & Hostetler LLP, focuses on legal and regulatory developments in the blockchain and cryptocurrency sectors. It covers topics such as crypto licensing and compliance, regulatory frameworks for crypto-assets, enforcement actions by agencies like the SEC and DOJ, tax issues related to digital assets, stablecoin and CBDC initiatives, and significant court rulings affecting digital asset markets. The blog also discusses innovations in blockchain technology applications, cross-border payments, and market infrastructure developments like crypto ETFs. It provides updates on policy changes, litigation outcomes, and industry trends impacting capital markets participants and blockchain businesses.

On October 11, 2022, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) announced a $29 million civil monetary penalty against Bittrex, a major U.S. cryptocurrency exchange, as part of a…
• Crypto Developments Emerge in Payments, Trading, Staking and Accounting• DOJ Targets Crypto Money Laundering and Fraud; Japan Issues Crypto Warning
Crypto Developments Emerge in Payments, Trading, Staking and Accounting
By Lauren Bass
This week, a…

As part of a coordinated effort with the U.S. Secretary of State, Attorney General, Secretary of Commerce, Secretary of Homeland Security, Director of the Office of Management and Budget, Director of National Intelligence, and heads of other relevant agencies, Treasury…

The Report responds to Section 4(b) of the EO and evaluates the U.S. system of money and payments, developments in stablecoins and instant payment systems, and a potential CBDC, using the following policy objectives as a guide: (1) provide benefits…

On Sept. 23, 2022, a U.S. District Court judge approved an IRS John Doe summons served on a New York-based bank seeking account records, including account opening documents and records of deposits, withdrawals, transfers and wires, of clients who used…