Regulatory and Legislative Developments

Weekly Focus:

  • Securities Fraud on the Dark Web Using Bitcoin
  • Germany Securities Settlement Bridge
  • South Korea Implements AML Regulations
  • India’s New Crypto Reporting Regulations
  • Bank of Jamaica Announces Central Bank Digital Current Pilot Program


Continue Reading Blockchain Week in Review: Week of March 26, 2021

Weekly Focus:

  • BitMEX CEO to Surrender on AML Charges
  • Twitter Scammer Agrees to Three Years’ Jail Time
  • Irish Central Bank Expanding AML Enforcement to Cryptocurrency Companies
  • European Regulators Warn Investors of “High Risk,” Non-Regulated Crypto Assets
  • UK Watchdog ASA Banned Advertisement for Cryptocurrency Company
  • Visa to Allow Merchants to Accept Bitcoin as Payment


Continue Reading Blockchain Week in Review: Week of March 19, 2021

Weekly Focus:

  • Congress Members Propose Legislation Aimed at Better Clarifying Digital Asset Regulation
  • SEC Division of Examinations Risk Alert Signal Continued Focus on Digital Assets
  • Federal Reserve Publishes White Paper on Central Bank Digital Currency
  • BitPay, Inc. Reaches Settlement with OFAC
  • Coinbase Announces Filing of Registration Statement
  • Wisdom Tree Files Bitcoin ETF Proposal


Continue Reading Blockchain Week in Review: Week of March 12, 2021

Weekly Focus:

  • The nominee for chairman of the Securities and Exchange Commission, Gary Gensler, testifies before the Senate Banking Committee.
  • The NY attorney general issues industry alerts citing risks in cryptocurrency investments and emphasizing registration requirement for industry members.
  • IRS clarifies and limits virtual currency disclosure question on Form 1040.
  • Kentucky legislature advances crypto mining incentives bills.
  • Kings of Leon to release its next album as an NFT.


Continue Reading Blockchain Week in Review: Week of March 5, 2021

Weekly Focus:

  • Tesla buys $1.5 billion in Bitcoin
  • BNY Mellon launches crypto custody unit
  • OCC welcomes new crypto company
  • Iowa introduces smart contracts bill
  • Rhode Island introduces blockchain act
  • BitMEX publishes data storage framework for FATF ‘Travel Rule’
  • Bank of Korea says CBDCs are fiat currency
  • Central Bank of Nigeria issues prohibition on crypto trading


Continue Reading Blockchain Week in Review: Week of February 12, 2021

Weekly Focus:

  • Federal Regulation Actions Frozen Pending Review from New Administration
  • New Administration Appoints New Agency Leads
  • OCC Issues Ruling Permitting National Banks to Use Certain Blockchain Technologies
  • CFPB Finalizes Rule on the Role of Supervisory Guidance
  • Federal banking regulators issue FAQs on SAR filing obligations.
  • Dutch Gambling Regulator Fines Virtual Coin Gaming Company


Continue Reading Blockchain Week in Review: Week of January 22, 2021

In this post, we provide an updated edition of Perkins Coie’s International Virtual Currency Tracker.

IVCT

Originally posted in 2014, we regularly update the tracker and post an updated version periodically. The chart should be fairly self-explanatory. Countries that have meaningfully weighed in on the topic are listed in alphabetical order along the left-hand side,

The Perkins Coie Digital Asset Timeline has been updated from this version, you can find the most up-to-date version, updated April 2021 here.

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,

Weekly Focus:

  • CFTC Releases Digital Asset Primer
  • Coinbase Submits Form S-1 to the Securities and Exchange Commission
  • CME Announces Ethereum Futures Product Launch in February 2021
  • Paxos Conducts $142 Million Series C Raise
  • FinCEN Issues Notice of Proposed Rulemaking with New Recordkeeping and Reporting Requirements for Digital Asset Transactions
  • Figure Applies for OCC Charter
  • Compound Releases Whitepaper Describing Product to Add Interoperability Between Chains
  • Germany Legalizes Electronic Securities on the Blockchain


Continue Reading Blockchain Week in Review: Week of December 18, 2020

Weekly Focus:

  • Members of Congress Request SEC Clarity On Digital Securities Custody
  • Digital Asset ‘Stacks’ Plans 2.0 Launch as Non-Security
  • Secretary Mnuchin Emphasizes G7 Coordination on Digital Currencies
  • CFTC and SEC Leaders to Step Down
  • DOJ Indicts ICO Promoter for Tax Fraud, SEC Files Civil Suit
  • France Strengthens Anti-Money Laundering (AML) Requirements for Digital Asset Companies
  • Thailand Plans to Incorporate Blockchain into Tax Revenue Collection Systems


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