Regulatory and Legislative Developments

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 get a new name and new powers.
  • Blockpit and CryptoTax complete merger.


Continue Reading Blockchain Week in Review: Week of September 11, 2020

Perkins Coie LLP is pleased to bring you this updated Digital Asset SEC Timeline.

The Digital Asset SEC Timeline serves as an interactive compilation of select SEC guidance, enforcement actions, and speeches relating to the application of the federal securities laws to digital assets. Beginning with the release of the DAO Investigative Report in July

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 with Fraudulent ICO
  • Wealthsimple Receives Approval for Canadian Regulatory Sandbox
  • Russian Monitoring Service Planning to Create Cryptocurrency Tracking System
  • MicroStrategy Adopts Bitcoin as Treasury Reserve Asset
  • Coinbase Announces Crypto-Backed Loans
  • Grayscale Ethereum Trust Files Registration Statement


Continue Reading Blockchain Week in Review: Week of August 14, 2020

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 exchanges is working together to comply with FATF travel rule standards.


Continue Reading Blockchain Week in Review: Week of July 24, 2020

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 with Wire Fraud Relating to a Cryptocurrency-Related Investment Scheme
  • China to Test Digital Yuan on Food Delivery Platform; Beijing Local Government Releases Blockchain Plan
  • Japan Considering Issuance of a Digital Yen


Continue Reading Blockchain Week in Review: Week of July 17, 2020

Weekly Focus:

  • New York’s Financial Services Regulator Announces New Virtual Currency Initiatives
  • Proposed Consent Judgment Filed in Telegram Lawsuit
  • SEC Charges Offerors of AML BitCoin with Fraud
  • Judgment Entered in Shopin Lawsuit
  • Singapore Begins to Enforce Prohibition on Unlicensed Bitcoin Sales
  • Lawmakers in Spain Propose Amendment to the Country’s AML/CFT Laws


Continue Reading Blockchain Week in Review: Week of June 26, 2020

Weekly Focus:

  • BitClave Settles with SEC
  • Telegram Withdrawals Appeal
  • First Meeting of Wyoming Select Committee on Blockchain
  • Louisiana Takes a Step Towards Establishing a Crypto License Regime
  • India Permits Banking for Cryptocurrency Related Businesses
  • Antigua and Barbuda Cryptocurrency Regulation
  • Switzerland Denies Crypto Valley Bailout


Continue Reading Blockchain Week in Review: Week of May 29, 2020

Weekly Focus:

  • OCC Announces a New Acting Comptroller of the Currency
  • House Bill Would Require a Study on the Regulation and Use of Blockchain Technology in the United States
  • IRS Reportedly Seeking Private Contractors in Connection with Virtual Currency-Related Tax Returns
  • US Senate Subcommittee Raises Blockchain as Option for Senate Voting During Times of Crisis
  • Private Party Brings Suit against Crypto-Products Trading Platform for Alleged Violations of RICO and the CEA
  • Bank of France Provides Update on Central Bank Digital Currency Experimentation
  • FATF Issues Report on COVID-19-Related Money Laundering and Terrorist Financing Risks and Policy Responses
  • Brazilian Agency Re-opens Investigation into Banks’ Treatment of Virtual Currency Firms
  • Reports: Iran Takes Several Actions Related to the Regulation of Virtual Currencies


Continue Reading Blockchain Week in Review: Week of May 22, 2020

Weekly Focus:

  • Ripple Faces New Litigation Related to XRP Token Sale
  • In Wake of Injunction, Telegram Discontinues Involvement with TON Blockchain
  • Blockvest Founder Seeks to Challenge Sanctions Granted in SEC Suit Related to ICO
  • Ohio State Lawmakers Contemplate Using Blockchain for Future Election Cycles
  • Square’s CashApp Q1 Earnings Show Surge in Bitcoin-Related Earnings
  • Turkey-Based Company iMiner Successfully Attains License to Operate in Iran
  • Dutch Central Bank Imposes Registration Requirement for Crypto Service Providers Under Newest Iteration of AML Legislation


Continue Reading Blockchain Week in Review: Week of May 8, 2020

Weekly Focus:

  • Commissioner Brian D. Quintenz Ending His Term at the CFTC
  • U.S. Clears Security Token Trading System to Launch
  • Bank of China Will Expand Regulatory Pilot Project to Six More Cities and Districts
  • Zhejiang-based Ebang International Holdings Inc. Filed IPO


Continue Reading Blockchain Week in Review: Week of May 1, 2020