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Blockchain Week in Review: Week of May14, 2021

By Andrew Lucas on May 21, 2021

Posted in General Developments/Background, Industry Developments, International Developments, Regulatory and Legislative Developments, U.S. Developments, Weekly Updates

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

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Blockchain Week in Review: Week of April 30, 2021

By Roderick O'Dorisio & Andrew Lucas on May 7, 2021

Posted in General Developments/Background, Industry Developments, International Developments, Regulatory and Legislative Developments, U.S. Developments

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

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Updated 04.2021: Digital Asset SEC Timeline

By Val Dahiya, Shekida A. (Anna) Smith-Sandy & Keith Miller on April 26, 2021

Posted in Enforcement Actions, General Developments/Background, Industry Developments, Litigation and Decisions

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…

Blockchain Week in Review: Week of April 2, 2021

By Kendra Haar on April 9, 2021

Posted in General Developments/Background, Industry Developments, International Developments, Regulatory and Legislative Developments, U.S. Developments, Weekly Updates

Weekly Focus:

The Regulation Process for FinCEN’s New Beneficial Ownership Reporting Requirement Launches
The Department of Treasury Sanctions Individuals for Laundering Cryptocurrency for Lazarus Group
Guilty Plea in DeepDotWeb Criminal Proceedings
Japan Announces Plans to Adopt FATF Travel Rule for Crypto
Canadian Securities Organizations Unveil Guidance on Treatment of Cryptocurrencies

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Blockchain Week in Review: Week of March 26, 2021

By Zeeve Rose on April 2, 2021

Posted in General Developments/Background, Industry Developments, International Developments, Regulatory and Legislative Developments, U.S. Developments, Weekly Updates

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

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Blockchain Week in Review: Week of March 19, 2021

By Donald Mills on March 26, 2021

Posted in General Developments/Background, Industry Developments, International Developments, Regulatory and Legislative Developments, U.S. Developments, Weekly Updates

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

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Blockchain Week in Review: Week of March 12, 2021

By Shekida A. (Anna) Smith-Sandy on March 19, 2021

Posted in Fintech, General Developments/Background, Industry Developments, International Developments, Regulatory and Legislative Developments, U.S. Developments, Weekly Updates

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

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Blockchain Week in Review: Week of March 5, 2021

By Andrew Lucas on March 12, 2021

Posted in General Developments/Background, Industry Developments, International Developments, Regulatory and Legislative Developments, U.S. Developments, Weekly Updates

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.

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