On February 15, 2023, the U.S. Securities and Exchange Commission (SEC) published sweeping and controversial proposed amendments to Rule 206(4)-2 (Custody Rule) under the Investment Advisers Act of 1940 (Advisers Act). Last...more
...Treasury Releases National Risk Assessments -
The U.S. Department of the Treasury (Treasury) issued the 2022 National Risk Assessments (NRAs) on (1) money laundering, (2) terrorist financing, and (3) proliferation...more
3/18/2022
/ Anti-Terrorism Financing ,
Bitcoin ,
Blockchain ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Financial Conduct Authority (FCA) ,
FinCEN ,
Non-Fungible Tokens (NFTs) ,
Ponzi Scheme ,
Risk Assessment ,
Russia ,
Securities and Exchange Commission (SEC) ,
Ukraine ,
Virtual Currency
U.S. Congress to Hold Oversight Hearing on the Mining of Cryptocurrency -
NY DFS to Hire New Deputy Superintendent -
Recent Federal Regulator Announcements Signal Changes in Senior Leadership at the SEC, CFTC, and FDIC...more
1/13/2022
/ Bitcoin ,
Blockchain ,
CFTC ,
Commodity Exchange Act (CEA) ,
Cryptocurrency ,
Enforcement ,
EU ,
FDIC ,
Non-Fungible Tokens (NFTs) ,
NYDFS ,
Regulatory Agencies ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
US Regulatory Developments BitMEX CEO to Surrender on AML Charges BitMEX’s founder and former CEO, Arthur Hayes, reached an agreement with U.S. officials to surrender to federal charges. On October 1, 2020, the U.S....more
3/29/2021
/ Advertising Standards Authority ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Bitcoin ,
Central Bank of Ireland ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Enforcement Actions ,
EU ,
UK ,
Virtual Currency
US Regulatory Developments -
US Senate Confirms Janet Yellen as Secretary of the Treasury -
The U.S. Senate confirmed Janet Yellen’s appointment as secretary of the treasury after a vote on Monday. Secretary Yellen...more
2/5/2021
/ Anti-Money Laundering ,
Applications ,
Bitcoin ,
Blockchain ,
Coinbase ,
Cryptocurrency ,
Digital Currency ,
FinCEN ,
Foreign Investment ,
Philippines ,
Popular ,
Public Offerings ,
Rulemaking Process ,
Securities and Exchange Commission (SEC)
US Developments -
Federal Reserve Publishes Observations From “FooWire” Project -
The Federal Reserve published the results from its experimental project, “FooWire.” The project was an effort to build a simple payment...more
9/2/2020
/ Blockchain ,
China ,
Cryptocurrency ,
Digital Currency ,
Federal Reserve ,
Massachusetts Institutie of Technology (MIT) ,
Mining ,
Ponzi Scheme ,
Popular ,
Securities and Exchange Commission (SEC) ,
Singapore
Weekly Focus:
-ICO Issuer Settles SEC Registration Charges
- IRS and Cryptocurrency Industry Groups to Meet Amid Agency Enforcement Push
- Washington Blockchain Work Group Bill Passes State Senate
- Brazilian Central...more