On June 2, 2016, the European Securities and Markets Authority (ESMA) issued a discussion paper seeking feedback from Fintech companies and financial institutions on the possible use of blockchain technology in securities markets, including the potential benefits, challenges and risks involved. The ESMA indicated that the responses will help it…
As discussed in a previous post, several states are in various stages of implementing regulations related to digital currency. Below is an updated summary of the actions currently underway. New York Since the final version of New York’s BitLicense was announced in June 2015, surprisingly only a single BitLicense has…
Several states are in various stages of implementing regulations related to digital currency. Below is a short summary of the actions currently underway. California As discussed in a previous post, in February 2015 a California Assembly member introduced a bill (AB 1326) proposing a licensing framework for digital currencies in…
In late February 2015, a California Assembly member introduced a bill (AB 1326) proposing a licensing framework under which virtual currency companies would be required to operate. What Is It? If passed in its current form, the bill would require that certain virtual currency companies doing business in California obtain…
In the effort to bring digital currencies into the mainstream, companies are making concerted efforts to let consumers know that they are operating by the rules and with regulators’ blessings. One such company recently announced a bitcoin exchange. The exchange allows users to trade bitcoins and plans to first focus…