The advance of the regulation of crypto-assets and crypto-related service providers has been piecemeal in the U.K. The latest round of changes took place in the Money Laundering Regulations 2017 (MLR) on 1 September 2022 with some provisions, including the “change in control” provisions, coming into force on 11 August 2022….
Goodwin recently appointed Andrew Henderson as regulatory partner to its Private Investment Funds’ practice in London. Dr. Henderson has over 20 years’ experience advising financial institutions, including asset and investment managers, as well as family offices and technology providers on financial services regulation and risk management. He also works closely…
On August 15, 2022, the United States District Court for the Central District of California authorized the IRS to serve a “John Doe” summons on Ox Labs Inc., a cryptocurrency prime dealer doing business as SFOX. The John Doe summons calls for Ox Labs to divulge information about U.S. taxpayers who engaged in…
Digital Currency Perspectives authors Grant Fondo and Robert Tiefenbrun recently posted an alert regarding the SEC announcement that it settled charges against NVIDIA Corporation. The SEC has alleged that the company’s disclosures regarding the impacts of increased use of its gaming products by cryptocurrency miners were inadequate and misleading. Read…
On February 4, 2022, the Treasury Department’s Financial Crimes Enforcement Network (FINCEN) jumped into the regulatory discussion about non-fungible tokens (“NFTs”)—more with a whisper than a bang—in a report on its Study of the Facilitation of Money Laundering and Terror Finance Through the Trade in Works of Art. The report…
On January 10, 2022, tZERO’s ATS settled a matter with the SEC in which it agreed to an $800,000 fine. Given the size of the penalty and substantial attention on the SEC’s approach to regulating digital asset securities, readers may have thought that this would present a blockbuster set of…
Please note, this is a summary to the article previously published in Forbes. Author David Burke makes the analogy that Bitcoin blockchain is “the kind of steamship that shows that steamships work and sets off a chain of innovation that triggers a final burst of innovation from the sailing ships…
Please note, this is a summary to the article previously published on PYMNTS.com. The Securities and Exchange Commission (SEC) has approved an exchange-traded fund (ETF) for companies holding large amounts of bitcoin, Decrypt reported. The portfolio will include Tesla, PayPal and around 28 other companies. The approval comes as the…
People are often the most valuable asset for growing technology companies, and attracting and retaining top talent is all-the-more important when dealing with emerging technologies like blockchain and cryptocurrencies. For most private companies, the path for creating meaningful incentives for service providers is well-trodden—they can use a traditional equity incentive…
The blockchain and digital asset landscape continued to evolve in 2020. DeFi grew exponentially, venture funds are highly active, state and international jurisdictions are vying for crypto business, a crypto lawyer is head of the OCC, and Bitcoin has almost become mainstream. With the SEC, CFTC, FinCEN, DOJ, and the…