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2022 Is the Year of Sweeping Changes for Cryptocurrency and Other Digital Asset Transfers
What to look out for in the proposed new Chapter 12 of the Uniform Commercial Code (UCC) The world of ... Read More
Infrastructure Law Adds Important Crypto Provisions
The Infrastructure Investment and Jobs Act, enacted on November 15, 2021, also known as the Bipartisan Infrastructure Law (the “BIL”), adds many important ... Read More
The Next Step: FinCEN Proposes to Require Reporting of Cryptocurrency Positions Held in Foreign Accounts
FinCEN recently took another important step toward bringing virtual currency into the financial assets reporting scheme. Taxpayers that have $10,000 ... Read More
“But if You Fall, You Fall Alone” – The SEC Goes After Ripple
Seven years after Ripple Labs, Inc. first began to sell its digital asset XRP, the Securities and Exchange Commission on ... Read More
Word on the Street Is That Virtual Currency Is the “New Gold,” and it’s Swiftly Moving Up the IRS Watchlist
The IRS has been increasingly active in its effort to ensure that virtual currency does not become a tool for ... Read More
CFTC: Virtual Currency Creates Real Segregation Risks
Virtual currency presents risks to futures commission merchants (FCMs) when deposited by futures customers or cleared swaps customers to margin ... Read More
The SEC Gets its Kiks out of a Successful Application of the Howey Test
In a closely-watched cryptocurrency case, on September 30, the Southern District of New York ruled in favor of the SEC ... Read More
A “Key” OCC Interpretation – National Banks Can Provide Cryptocurrency Custody Services
Banking regulators took a significant step toward the mainstreaming of cryptocurrency recently when the Office of the Comptroller of the ... Read More
New York Looks Like it Might Loosen Up on Its Virtual Currency Regulation
On June 25, the New York State Department of Financial Services (NYDFS) published a “Conditional BitLicense” proposal for reforming its ... Read More
Blockchain in Banking: OCC Seeks Public Comment
For the first time in a dozen years, the Office of the Comptroller of the Currency (OCC) is seeking to ... Read More
FinCEN Sends Message to the Virtual Currency Industry: The Travel Rule Applies to You, Too
FinCEN Director Ken Blanco addressed this year’s Consensus Blockchain Conference on May 13, 2020. In a set of prepared remarks, ... Read More
The SEC Sends a Telegram to European Token Offerings: Avoid the U.S.
On March 24, the United States District Court for the Southern District of New York granted the U.S. Securities and ... Read More
