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SEC Division of Enforcement 2019 Annual Report Shows Cryptocurrency Is Still Under the Microscope
The SEC Division of Enforcement’s 2019 Annual Report, released earlier this month, shows a continuing focus on activities involving blockchain ... Read More
Reading the Blockchain Tea Leaves: Reconciling Telegram and Block.one
The juxtaposition of two recent SEC enforcement actions against token issuers may shed some light on the regulator’s evolving regulatory ... Read More
In Case You Needed A Reminder – AML/CFT Regulations Apply to Transactions in Cryptocurrencies
Earlier this month, the leaders of the U.S. Commodity Futures Trading Commission, the Financial Crimes Enforcement Network, and the U.S ... Read More
HMRC’s New Approach to Cryptoassets – Tax First, Define Later
The UK tax authority, Her Majesty’s Revenue & Customs (HMRC), has taken a further step towards tackling perceived tax avoidance ... Read More
Still Waiting: SEC Again Delays Approvals of Bitcoin ETFs
As further evidence of the SEC’s resistance to the development of a regulated secondary market in bitcoin, on August 12 ... Read More
Playing Catch-Up: Commissioner Peirce Proposes a Safe Harbor for Certain Token Offerings
SEC Commissioner Hester Peirce has once again earned her title as “Crypto Mom” by expressing support for building a “non-exclusive ... Read More
The FCA Reclassifies Cryptoassets, But Is It Moving Away From Its Technology Neutral Approach?
The Financial Conduct Authority (FCA) has released final guidance on cryptoassets in a policy statement that includes feedback from their ... Read More
The SEC’s Second No-Action Relief for Digital Tokens: Meaningful Relief or a Wolf in Sheep’s Clothing?
Pocketful of Quarters, Inc. (PoQ) is the second-ever recipient of no-action relief from the Division of Corporation Finance of the ... Read More
SEC/FINRA Joint Statement on Digital Asset Securities Does Not Address Regulatory Log Jam
Last week, the Staffs of the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) (collectively, the ... Read More
The SEC Can’t Keep Kik-ing the Crypto Can
The SEC’s Action On June 4, 2019, the SEC sued Kik Interactive Inc. (“Kik”), a privately held Canadian company, in ... Read More
FinCEN’s New Guidance for Cryptocurrency Businesses – Some Questions Answered, Some New Questions Raised, Careful Consideration a Must
Earlier this month, the Financial Crimes Enforcement Network (FinCEN) released new guidance to clarify when the Bank Secrecy Act (BSA) ... Read More
NY AG Accuses Bitfinex and Tether of Covering Up $851 Million Loss in Investor Funds
On April 25, 2019, New York’s Attorney General secured a preliminary injunction against Bitfinex, a cryptocurrency trading platform, and Tether, ... Read More
