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Virtual Currency

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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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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Israeli Regulators to Decide Regulatory Fate of ICOs in December

Cryptocurrency  •  Digital Currency  •  Ethereum  •  Initial Coin Offerings  •  Regulatory Action  •  Token Sales/ICOs  •  Uncategorized  •  Virtual Currency
On August 30, 2017, the Israeli equivalent of the U.S. Securities and Exchange Commission, the Israeli Security Authority (“ISA”) announced it had formed a committee to study whether, and how, to apply Israeli securities laws […]

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