U.S. Financial Services Firms Announce Digital Asset Initiatives -
A major U.S. financial services company and operator of global financial exchanges and clearinghouses recently announced an agreement with the issuer of the...more
4/7/2025
/ CFTC ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
ETFs ,
Financial Services Industry ,
Hackers ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Scams ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Stablecoins ,
Terrorist Financing ,
U.S. Treasury
Digital Asset Companies Continue New Product Launches -
Decentralized finance (DeFi) startup Figure Markets recently announced that it has launched “the first interest-bearing transferable stablecoin native to a public...more
3/4/2025
/ Anti-Money Laundering ,
Bitcoin ,
Blockchain ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
Enforcement Priorities ,
Hackers ,
Legislative Agendas ,
Popular ,
Securities and Exchange Commission (SEC) ,
Stablecoins
US Stablecoin Companies Achieve Licenses, Avoid SEC Enforcement Action -
According to a recent press release, Circle, the issuer of USDC and EURC, announced that it is now the “first global stablecoin issuer to achieve...more
7/15/2024
/ Basel Committee on Banking Supervision (BCBS) ,
Blockchain ,
BSA/AML ,
Central Bank Digital Currency (CBDCs) ,
Compliance ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
EU ,
Hackers ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Reporting Requirements ,
Royalties ,
Securities and Exchange Commission (SEC) ,
Stablecoins
Institutional Firms Enter Crypto Market; Crypto Firms Partner on New Products -
According to recent reports, a major global bank is establishing a spot trading desk for buying and selling bitcoin and ether. The new desk,...more
7/1/2024
/ Annual Reports ,
Banking Regulators ,
Blockchain ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Financial Conduct Authority (FCA) ,
FinCEN ,
Mexico ,
Opioid ,
Partnerships ,
Risk Management ,
Significant Transnational Criminal Organization ,
UK ,
Virtual Currency
On March 28, 2024, the FTC released its annual Privacy and Data Security Update (Update), which highlights the enforcement actions, guidance, and rules promulgated by the agency from 2021 through 2023 to protect consumer data...more
4/1/2024
/ Artificial Intelligence ,
CAN-SPAM Act ,
COPPA ,
Cybersecurity ,
Data Security ,
Email ,
Enforcement ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Privacy Laws ,
Rulemaking Process ,
Sensitive Personal Information ,
Surveillance
New Crypto Indices Launch; Crypto Firms Announce Product Integrations -
According to a recent press release, SIX, a major Swiss stock exchange and global financial information provider, has launched new SIX Reference Rate...more
2/12/2024
/ Advertising ,
Bitcoin ,
Bitcoin Mining ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Energy Information Association (EIA) ,
Enforcement Actions ,
ETFs ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Ransomware ,
SDN List
USDC Report Published, Crypto Firms Announce USDC Integrations -
Circle, the U.S. fintech company that manages the stablecoin USDC, recently released the “State of the USDC Economy” report, highlighting the “efforts to...more
1/22/2024
/ BitLicense ,
BSA/AML ,
CCIP ,
Civil Monetary Penalty ,
Compliance ,
Cryptocurrency ,
Enforcement Actions ,
EU ,
European Banking Authority (EBA) ,
FinTech ,
Information Reports ,
IRS ,
New Guidance ,
Office of Foreign Assets Control (OFAC)
Crypto Exchange Receives CFTC License; Ratings Agency Scores Stablecoins -
A recent press release announced that Bitnomial, “a US-regulated digital asset derivates exchange,” has been granted “a US clearinghouse license to...more
1/8/2024
/ CFTC ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Enforcement Actions ,
GAO ,
Hackers ,
INTERPOL ,
IOSCO ,
Non-Fungible Tokens (NFTs) ,
Rating Agencies ,
Scams ,
Securities and Exchange Commission (SEC) ,
Stablecoins
District Court Upholds Tornado Cash Sanctions, DOJ Charges Founders -
On August 17, a Texas federal court found that Tornado Cash, a crypto mixer (which obscures the source of crypto transactions) is an entity that can be...more
8/28/2023
/ Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Conspiracies ,
Criminal Conspiracy ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Department of Justice (DOJ) ,
E-Commerce ,
Enforcement Actions ,
ETFs ,
Hackers ,
Indictments ,
IRS ,
Monetary Authority of Singapore ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Proposed Regulation ,
Singapore ,
Stablecoins ,
U.S. Treasury
New Products Launch for Crypto Futures, Wallets, Stablecoins and Settlement -
According to a recent press release, a leading global options exchange has received the necessary approval from the U.S. Commodity Futures...more
6/12/2023
/ Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Digital Wallets ,
Enforcement Actions ,
Fraud ,
Hackers ,
Non-Fungible Tokens (NFTs) ,
Proposed Legislation ,
Securities and Exchange Commission (SEC) ,
Stablecoins
Multiple Financial Services Firms Announce New Crypto Products -
A major U.S. financial services firm recently launched its Crypto Credential product, “a set of common standards and infrastructure that will help verify...more
5/8/2023
/ Blockchain ,
CFTC ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement ,
Enforcement Actions ,
Enforcement Priorities ,
Financial Services Industry ,
Fraud ,
Income Taxes ,
Office of Foreign Assets Control (OFAC) ,
Payment Methods ,
Popular ,
Securities and Exchange Commission (SEC) ,
UK
European Bank Launches Stablecoin; Financial Firms Expand Crypto Products -
A subsidiary of a major European financial services firm recently launched EUR CoinVertible (EURCV), an Ethereum ERC20 stablecoin backed 1:1 by...more
4/24/2023
/ Bitcoin ,
Blockchain ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Digital Wallets ,
Enforcement Actions ,
Ethereum ,
Hackers ,
Popular ,
SDN List ,
Stablecoins
“Z” Doors Are Open: Rival Zero Knowledge EVMs Launch -
Earlier this week, a technology innovation lab reportedly released a public Alpha version of its “zero-knowledge Ethereum Virtual Machine” (zkEVM), which has been...more
4/3/2023
/ Banks ,
CFTC ,
Commodity Exchange Act (CEA) ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Depository Institutions ,
Enforcement Actions ,
Ethereum ,
Federal Reserve ,
Securities and Exchange Commission (SEC)
Reserve Bank of Australia and BIS Commence Efforts to Advance CBDCs -
In a recent announcement, the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre (DFCRC) released details on an ongoing...more
3/13/2023
/ Bitcoin ,
Bureau of Industry and Security (BIS) ,
Central Bank Digital Currency (CBDCs) ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
FinTech ,
PCAOB ,
Risk Assessment ,
Securities and Exchange Commission (SEC)
Crypto Products Launch, Reports Detail CBDC Pilots and Bank Crypto Exposure -
Last week, Circle Internet Financial, the issuer of USD Coin (USDC), announced plans “to make USDC available on five additional blockchain...more
10/10/2022
/ Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Corporate Bonds ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
FinTech ,
Fraud ,
FSOC ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
U.S. Treasury
NFTs Expand on Social Media, Celebrity NFT Endorsements Scrutinized -
According to reports, one of the world’s largest social media platforms recently expanded its NFT (non-fungible token) initiative, allowing users in...more
8/22/2022
/ Banking Sector ,
Celebrity Endorsements ,
CFTC ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Endorsements ,
Enforcement Actions ,
Fraud ,
Initial Coin Offering (ICOs) ,
Insider Trading ,
Money Laundering ,
New Guidance ,
Non-Fungible Tokens (NFTs) ,
Securities and Exchange Commission (SEC) ,
Tax Evasion
NY DFS Approves Crypto Platform, Prepaid Crypto Card to Launch in Argentina -
According to a press release this week, the New York State Department of Financial Services (NY DFS) has authorized two subsidiaries of Zero...more
8/15/2022
/ Consent Order ,
Crypto Exchanges ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
MasterCard ,
Money Laundering ,
NYDFS ,
Office of Foreign Assets Control (OFAC) ,
Prepaid Payment Products ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury ,
Virtual Currency
New NFT Initiatives Announced in Jewelry, Automobile and Liquor Industries -
A U.S. luxury jeweler has reportedly partnered with the popular NFT (non-fungible tokens) collection CryptoPunk to transform the digital...more
8/8/2022
/ Banking Sector ,
Cryptocurrency ,
Deposit Insurance ,
Enforcement Actions ,
Financial Regulatory Agencies ,
Fraud ,
Hackers ,
New Guidance ,
Non-Fungible Tokens (NFTs) ,
Regulatory Violations ,
Virtual Currency
Bitcoin Network Mining Difficulty Continues Downward Trend Amid Heat Wave -
A recent analysis of Bitcoin mining activity has shown that Bitcoin Network mining difficulty dropped by 5 percent recently, continuing a...more
Financial Firm Launches Crypto Group, MakerDAO Votes to Integrate with Bank -
A major multinational financial institution recently “announced the formation of its Digital Assets and Financial Markets group.” According to...more
7/11/2022
/ Basel Committee on Banking Supervision (BCBS) ,
Brand ,
CFTC ,
Cryptocurrency ,
Cyber Crimes ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Financial Action Task Force ,
Financial Institutions ,
Fraud ,
Hackers ,
Infringement ,
IP Litigation ,
New Guidance ,
Non-Fungible Tokens (NFTs)
Fintech and Crypto Firms Announce Myriad New Crypto Product Launches -
This week, a major global payments firm announced the launch of a stablecoin settlement solution that leverages technology by Fireblocks, a digital...more
6/10/2022
/ Bitcoin ,
Blockchain ,
Bureau of Industry and Security (BIS) ,
CFTC ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Embezzlement ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
FinTech ,
Fraud ,
Hackers ,
NYDFS ,
Popular ,
Scams ,
Stablecoins ,
Virtual Currency
BIS Releases Survey on CBDC Initiatives; New Crypto Products Launch -
The Bank for International Settlements (BIS) recently released the results of its 2021 survey of central bank digital currencies (CBDCs). According to...more
5/16/2022
/ Casinos ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Exchange-Traded Products ,
Korea ,
Metaverse ,
Non-Fungible Tokens (NFTs) ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
SDN List ,
Securities and Exchange Commission (SEC) ,
Security Risk Assessments ,
Stablecoins
Sports Teams and Messaging Apps Go All-In on NFTs, Potential Hack
Foiled -
A major U.S. football team has reportedly inked a lucrative sponsorship deal with a popular digital asset platform. According to reports, the...more
4/18/2022
/ ATMs ,
Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
FinTech ,
Hackers ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Regulatory Agenda
Last week a fintech company reportedly teamed with a local digital asset exchange in the Philippines to develop a blockchain-based solution for cross-border remittances. According to reports, the partnership aims to increase...more
This week, President Joe Biden signed “Executive Order on Ensuring Responsible Development of Digital Assets” (EO). According to a fact sheet published with the EO, the EO calls for measures to accomplish the following...more
3/14/2022
/ Anti-Money Laundering ,
Banking Sector ,
Biden Administration ,
Bitcoin ,
CFTC ,
Department of Justice (DOJ) ,
Digital Assets ,
Economic Sanctions ,
Enforcement Actions ,
Executive Orders ,
FinCEN ,
Russia ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Virtual Currency