U.S. Developments

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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

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

Weekly Focus

  • U.S. Senate Confirms SEC Commissioner Hester Peirce for Second Term
  • U.S. Attorney Files Complaint to Forfeit $6.5M in Cryptocurrency Stolen in Ponzi Scheme
  • Russian Cryptocurrency Law Signed
  • Tel Aviv Stock Exchange Announces Blockchain Securities Platform
  • Swiss Bank to Launch Crypto Services

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Continue Reading Blockchain Week in Review: Week of August 7, 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.

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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

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

Weekly Focus:

  • Fifth Circuit Limits Privacy on Digital Asset Transactions
  • SEC Approves Digital Shares for Treasury Fund
  • CFTC to Develop Holistic Framework for Digital Asset Innovation
  • FATF Issues New Report on Stablecoins

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Continue Reading Blockchain Week in Review: Week of July 10, 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

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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

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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

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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

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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

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