International Developments

Weekly Blockchain Focus

  • House Passes Crypto Bills
  • SEC delays decision on Valkyrie Bitcoin ETF – client
  • 11th Circuit Tosses Crypto Case against rapper T.I.
  • Biden nominee for Treasury Department pushes for crypto regulations
  • China Continues Crackdown on Crypto
  • South Africa Banks Block Crypto
  • UK Financial Markets Regulator Issues Crypto Warning
  • BIS Comments on Bitcoin 

Continue Reading Blockchain Week in Review: Week of June 25, 2021

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

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

Continue Reading Blockchain Week in Review: Week of April 2, 2021

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:

  • 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:

  • US Senate Confirms Janet Yellen as Secretary of the Treasury
  • FinCEN Extends Comment Period for Rulemaking on Cryptocurrency Transaction Requirements
  • Hawaii’s Digital Currency Innovation Lab Reopens for Applications
  • Philippines Central Bank Issues Anti-Money Laundering Guidelines for Cryptocurrency
  • Bank of International Settlements Publishes Survey on Central Bank Digital Currency
  • Coinbase Announces More Details Related to Its Proposed Public Offering
  • Valkyrie Investments Files Application for Bitcoin ETF

Continue Reading Blockchain Week in Review: Week of January 29, 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