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
Virtual Currency Report
The Law of Blockchain Solutions and Digital Currencies
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.
Latest from Virtual Currency Report - Page 9
Blockchain Week in Review: Week of September 18, 2020
Weekly Focus
- S. Department of Homeland Security Issues Challenge for Development of Trusted User Interface for Digital Wallets
- Kraken Announces Approval From Wyoming Division of Banking for a Special Purpose Depository Institution Charter
- CFTC Provides Temporary No-Action Relief to Tassat
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White Paper: Anti-Money Laundering Regulation of Privacy-Enabling Cryptocurrencies
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…
Blockchain Week in Review: Week of September 11, 2020
Weekly Focus
- CFTC approves LedgerX to clear fully-collateralized futures and options.
- Square launches the Cryptocurrency Open Patent Alliance to spur cryptocurrency adoption and protect against trolls.
- Mastercard launches testing platform for central bank digital currencies.
- California’s Consumer Financial Regulator to
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Blockchain Week in Review: Week of August 21, 2020
By Donald Mills
Weekly Focus
- Federal Reserve Publishes Observations From “FooWire” Project
- Federal Reserve Governor Lael Brainard Announces Collaboration With MIT
- SEC Appoints New Director of Enforcement
- Companies Accepted to Hawaii Regulatory Sandbox Begin Providing Services
- Prosecutors Unseal Charges Against Crypto Mining Ponzi
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Blockchain Week in Review: Week of August 14, 2020
Weekly Focus
- California Appellate Court Upholds Coinbase Summary Judgement
- California Issues Opinion on Crypto Escrow Services under the Money Transmission Act
- The Federal Reserve Is Testing a Digital Dollar and Distributed Ledgers
- New York Updates Cryptocurrency Greenlist
- SEC Charges Issuer
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Fintech Week in Review: Week of August 14th, 2020
By Perkins Coie
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…
Blockchain Week in Review: Week of August 7, 2020
Weekly Focus
- U.S. Senate Confirms SEC Commissioner Hester Peirce for Second Term
- U.S. Attorney Files Complaint to Forfeit $6.5M in Cryptocurrency Stolen in Ponzi Scheme
- Russian Cryptocurrency Law Signed
- Tel Aviv Stock Exchange Announces Blockchain Securities Platform
- Swiss Bank to
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Blockchain Week in Review: Week of July 24, 2020
By Sam Boro
Weekly Focus
- The OCC clarifies that banks can provide crypto custody services.
- The FDIC seeks comments on developing a certification process for new technologies to be used by banks.
- The UK looks at restricting crypto promotions.
- A group of crypto
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Blockchain Week in Review: Week of July 17, 2020
By Perkins Coie
Weekly Focus:
- CFTC and SEC Settle Charges with Abra
- Louisiana Enacts Virtual Currency Company Law
- Twitter ‘Hack’ of Prominent Accounts Requests Bitcoin
- New York Department of Financial Services Superintendent Addresses Initial Feedback on proposed BitLicense Changes
- New York Man Charged
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