Virtual Currency Report, published by Perkins Coie LLP, focuses on legal and regulatory developments affecting virtual currencies, digital assets, and blockchain technology. The blog covers topics such as regulatory approvals and enforcement actions related to cryptocurrency products, including exchange-traded funds and digital asset securities. It also addresses updates from financial regulators like the SEC, NYDFS, and the Federal Reserve concerning compliance, risk management, and supervisory programs for banks and fintech firms involved in crypto activities. The blog provides insights on policy changes, self-certification processes for digital assets, and legal implications of emerging financial technologies and partnerships in the crypto space.
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The staff (“Staff”) of the Division of Trading and Markets of the U.S. Securities and Exchange Commission (SEC) issued a no-action letter (NAL) at the request of the Financial Industry Regulatory Authority (FINRA) on September 25, 2020, which…
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Privacy-enabling cryptocurrencies, commonly known as privacy coins, are enhanced versions of early cryptocurrencies that were developed to protect the financial privacy of individuals and businesses alike. Each privacy coin leverages innovative mechanisms that provide privacy, encryption, and security to its…
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In this week’s Fintech Report, we examine the state of California’s opinion on crypto escrow services under the Money Transmission Act (MTA), as well as the Federal Reserve’s development work and experiments with a digital dollar or Central Band…
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