On April 18, 2019, the Financial Crimes Enforcement Network (“FinCEN”) announced its first enforcement action against a peer-to-peer virtual currency exchanger....more
4/23/2019
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Civil Monetary Penalty ,
Currency Exchange ,
Currency Transaction Reports (CTR) ,
Enforcement Actions ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Money Services Business ,
Peer-to-Peer ,
Regulatory Violations ,
Reporting Requirements ,
Virtual Currency
In Commodity Futures Trading Commission v. My Big Coin Pay, Inc., — F. Supp. 3d —, 2018 WL 4621727 (D. Mass. Sept. 26, 2018), the Massachusetts District Court determined that the Commodity Futures Trading Commission (“CFTC”)...more
10/8/2018
/ Bitcoin ,
CFTC ,
Commodities ,
Cryptocurrency ,
Digital Currency ,
Enforcement Authority ,
Financial Instruments ,
Financial Transactions ,
Investment Products ,
Regulatory Oversight ,
Virtual Currency
On July 26, 2018, the Securities and Exchange Commission issued a 92-page release disapproving of Bats BZX Exchange, Inc.’s (“BZX”) proposed rule change which sought to list and trade shares of the Winklevoss Bitcoin Trust....more