European Union: ESMA Blockchain Regulation

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…

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State Regulation Roundup Revisited

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…

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State Regulation Roundup

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…

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California's Proposed Virtual Currency License

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…

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