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New York Department Of Financial Services Issues Crypto Guidance; Outlines Enhanced Reporting Requirements

Bitcoin  •  BitLicense  •  Blockchain  •  Cryptocurrency  •  Digital Currency  •  Money Transmission  •  NYDFS  •  Regulatory Action  •  State Law  •  Virtual Currency
On February 7, 2018, the New York State Department of Financial Services (NY DFS) issued guidance to all virtual currency businesses that maintain a “BitLicense” or that are chartered as a limited purpose trust company […]

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SEC Exams To Focus On ICOs And Cryptocurrency

Bitcoin  •  Blockchain  •  Broker-Dealer  •  Cryptocurrency  •  Digital Currency  •  FINRA  •  Initial Coin Offerings  •  Regulatory Action  •  SEC  •  Token Sales/ICOs  •  Virtual Currency
On February 7, 2018, the SEC’s Office of Compliance Inspections and Examinations (OCIE) announced its 2018 Examination Priorities.  In what comes as no surprise, the exam priorities include initial coin offerings (ICOs) and cryptocurrency, stating […]

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Yahoo! Finance All Markets Summit: Crypto, Featuring Grant Fondo

Blockchain  •  Cryptocurrency  •  Enforcement Actions  •  Goodwin News & Events  •  Industry Events  •  Regulatory Action  •  Year in Review
The 2018 iteration of Yahoo! Finance’s All Markets Summit, taking place on Tuesday, February 7, 2018, will focus solely on cryptocurrency. From Bitcoin and blockchain to ICOs, in conjunction with CoinDesk, Yahoo! Finance will lead […]

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SEC and CFTC Enforcement Directors Issue Joint Statement Regarding Virtual Currency Enforcement Actions

Bitcoin  •  Blockchain  •  CFTC  •  Cryptocurrency  •  Digital Currency  •  Enforcement Actions  •  Initial Coin Offerings  •  SEC  •  Token Sales/ICOs  •  Virtual Currency
On January 19, 2018, SEC Co-Enforcement Directors Stephanie Avakian and Steven Peikin and CFTC Enforcement Director James McDonald issued the following joint statement regarding virtual currency enforcement actions: “When market participants engage in fraud under […]

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FINRA Targets ICOs and Digital Currencies in Annual Broker Exam Priorities Letter

Bitcoin  •  Blockchain  •  Broker-Dealer  •  Cryptocurrency  •  Digital Currency  •  FINRA  •  Initial Coin Offerings  •  Token Sales/ICOs  •  Virtual Currency
On January 8, 2018, the Financial Industry Regulatory Authority (FINRA) released its 2018 Annual Regulatory and Examination Priorities Letter (Exam Priorities Letter) for its broker-dealer members.  In the Exam Priorities Letter, FINRA addresses initial coin […]

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Massachusetts Securities Regulator Announces “Aggressive Policing” of Cryptocurrency Firms

Cryptocurrency  •  Enforcement Actions  •  Initial Coin Offerings  •  SEC  •  State Law
On December 15, 2017, Massachusetts Secretary of State William Galvin announced that his office’s Securities Division (“MSD”) would begin “aggressive policing” of cryptocurrency sales in Massachusetts.  The MSD regulates the offering and sale of securities […]

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