Digital currency is an exciting, dynamic and growing technology changing the financial and legal landscapes. To keep pace, corporate counsel must stay abreast of new rules, new regulations, and new applications of blockchain technology. Recognizing this need, Digital Currency + Blockchain Perspectives chronicles industry news, including regulatory developments and other issues affecting our clients and the digital currency industry.

CFTC Takes First Action Against Virtual Currency Options Trading Platform

On Thursday, Sept. 17, 2015, the U.S. Commodity Futures Trading Commission (CFTC) issued an Order against San Francisco-based Coinflip and its chief executive officer, Francisco Riordan, to resolve allegations that Coinflip conducted activity related to commodity options transactions without complying with the Commodity Exchange Act (CEA) and CFTC Regulations. Specifically, the CFTC…

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Digital Currency to the Rescue: Bitcoins as Solution to Greek Capital Controls

This week Cubits.gr and BTCGreece began a partnership aimed at providing a solution to Greek capital controls. Part of that solution entails supporting voucher payments backed by bitcoin and installing one thousand Bitcoin ATMs throughout the country. Cubits, a UK Registered company founded in 2014, is a Bitcoin platform where…

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Lines Crossed: From Enforcing to Breaking the Law

Last week, former Drug Enforcement Agency (“DEA”) agent, Carl Force, pleaded guilty to charges of money laundering, obstruction of justice, and extortion while investigating Silk Road’s illicit activities.  Force’s plea follows the guilty plea of Shaun Bridges, former Secret Service agent, who also used his insider role to pilfer hundreds of…

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Bitcoin and Bullets: An Unexpected Alliance

At first blush, one might not expect the digital currency and firearm industries to have much in common – when was the last time you heard someone utter Bitcoin and guns in the same breath?  Recently, however, the two industries’ interests have aligned, and the pro-Second Amendment lobby’s efforts might…

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