Many of the world’s leading financial services providers have started developing their own blockchains, either to facilitate the potential for creating their own cryptocurrency, to add an additional layer of security to encrypted transactions in fiat currency, or to provide their customers services more cost-effectively than ever before. Companies that…
Brave New Coin speaks with Grant Fondo, blog editor, regarding a recent ruling that Bitcoin should be classified as “intangible personal property.” To read the article, click here.
A new report published by the European Parliament’s Committee on Economic and Monetary Affairs calls for the establishment of a task force, with its own budget and dedicated staff, that would study digital currencies and provide policy advice to the European Union and member-states. The report also provides for more…
As Bitcoin enters its seventh year of existence, the community that surrounds it is trying to decide how to guide and grow the currency into the future. Currently, the size of a block (which is a bitcoin data file) is 1MB and recently there have been around 100,000 to 200,000…
In a span of two years, India has done a 180-degree turn on virtual currencies. In December 2013, the Reserve Bank of India issued a press release “caution[ing] users of Virtual Currencies against Risks.” The release highlighted the danger of hacking, the absence of “an authorised central agency which regulates…
Goodwin Procter litigation partner Grant Fondo recently received the National Law Journal’s Trailblazer – White Collar Crime award. The award recognizes 50 attorneys nationwide who have made a difference in their field through cutting-edge, innovative work. Fondo has led Goodwin’s work in the digital currency space, including two groundbreaking settlements…
Grant Fondo, blog editor and a partner in Goodwin’s Securities Litigation & White Collar Defense and Privacy & Data Security practices in Silicon Valley, recently sat down to discuss the shifting legal and regulatory landscape facing the digital currency industry. As a former federal prosecutor, Grant provides a unique perspective…
Grant Fondo spoke today at Digital Finance Toronto. This conference covered the future of Fintech and banking innovation and Toronto’s first Fintech conference. The Fintech industry is exploding with $12 billion in global investments in 2014, disrupting banks and financial services at an unprecedented pace. Digital Finance Toronto delivers an…
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…
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…