General Developments/Background

Perkins Coie LLP, and Flourish, a platform which provides innovative access to financial products that help Registered Investment Advisers (RIAs) secure their clients’ financial futures, announce the release of a white paper that highlights key regulatory and compliance considerations for RIAs looking to engage with cryptocurrencies.

Flourish engaged Perkins Coie to author a

On October 15, 2021, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) released guidance on sanctions compliance for the digital currency industry, the agency’s most detailed statement to date on its expectations for participants in this rapidly growing industry. This guidance expands on the five pillars of OFAC’s 2019 Framework by

Agency’s Focus on Cryptocurrency and Blockchain Continues

On September 21, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) released an updated advisory to “highlight the sanctions risks associated with ransomware payments”—almost one year after issuing the first such guidance—and simultaneously imposed sanctions on SUEX, a virtual currency exchange accused

We are pleased to announce that Valeria Bystrowicz-Liendo, a Business Development Director in the firm’s Blockchain, Digital Assets, & Custody industry group, will serve as a Board Member and as the Los Angeles, San Diego, and Orange County Chapter lead for Crypto Connect.

Crypto Connect, which formally launched today, is led by a

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

  • Unamended Infrastructure Bill with “Broker” Reporting Requirements Set for Vote in September
  • CFTC Provides Clarification on Its Regulatory and Enforcement Authority
  • Despite El Salvador’s Strongly Worded Bitcoin Law, Bitcoin Usage Remains “Totally Optional”
  • China’s Shandong Supreme Court Holds Crypto Assets Not Legally Protected
  • Thailand Releases Crypto Custodian Regulations
  • Bitcoin Stability Leveraged in Afghanistan Amid Taliban Takeover


Continue Reading Blockchain Week in Review: Week of August 30, 2021

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

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

Weekly Blockchain Focus

  • Crypto Rating Council releases its securities law framework
  • Diem Association announces plans to shift operations to the United States
  • Tether releases a breakdown of reserve assets
  • Bank of England deputy governor calls a CBDC probable in public remarks
  • Chainalysis report states that ransomware attacks are becoming more profitable
  • Ethiopia to begin using Cardano-based blockchain IDs in its schools


Continue Reading Blockchain Week in Review: Week of May 14, 2021

Weekly Focus:

  • Bipartisan crypto bill passes House of Representatives
  • Fed leaves interest rates unchanged, while Chairman Powell says equity markets are a “bit frothy”
  • Paxos becomes third federally regulated crypto bank (& raises $300 million)
  • Wyoming DAO law to go into effect in July
  • DOJ announces arrest of Bitcoin Fog founder who allegedly laundered $335M in crypto
  • Turkey bans cryptocurrency payments, sets up central custodian
  • South Korea set to tax crypto trading gains


Continue Reading Blockchain Week in Review: Week of April 30, 2021