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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

Playing Catch-Up: Commissioner Peirce Proposes a Safe Harbor for Certain Token Offerings

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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

FinCEN Shows a Little Bite to Go with Its Bark

Last week, the Financial Crimes Enforcement Network (FinCEN) backed up its strong public statements about enforcing the anti-money laundering (AML) ... Read More

NYDFS to Virtual Currency Exchange: Don’t Let the Door Hit You on Your Way Out

The New York Department of Financial Services virtual currency license is back in the spotlight after NYDFS announced that it ... Read More

The 2019 Token Taxonomy Act: A Path to Consumer Protection and Innovation Takes Shape

We’ve previously written that the Token Taxonomy Act first introduced to Congress by Representatives Warren Davidson (R-OH) and Darren Soto ... Read More

Three Yards and a Cloud of Dust: SEC Staff Provides Its “Plain English” Framework to Guide Future Discussions

The SEC chose a week that saw the price of Bitcoin spike by over $700 in an hour, kicking off ... Read More
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