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Blockchain Payments Reports Published, Coffee and Shipping Industries Adopt Blockchain, SEC and CFTC Charge Blockchain App,...

Monetary Authority of Singapore and World Bank Publish Blockchain Payments Reports - The fifth and final phase of Project Ubin, a blockchain project spearheaded by the Monetary Authority of Singapore, concluded this week. ...more

New York Appellate Court Confirms Attorney General’s Broad Investigative Powers into the Cryptocurrency Industry

On July 9, the Appellate Division of the Supreme Court of New York, First Department (First Department) issued a significant decision in James v. iFinex that confirmed the broad authority of the New York State Attorney...more

Blockchain Food Tracing Initiatives Add Members, Report Addresses Central Bank Digital Currencies, NY DFS Publishes Crypto...

Seafood Association, Restaurant Chain Announce Blockchain Supply Chain Partnerships - This week, a major global technology firm and the Norwegian Seafood Association announced a new collaboration using the Food Trust...more

U.S. Air Force Explores Blockchain, Global Blockchain Survey Published, Crypto Debit Card Launches, Compliance Initiatives...

U.S. and Australia Explore Blockchain Solutions, Global Blockchain Survey Published - This week, Simba Chain announced that it has been awarded “a two-year, $1.5 million contract by the U.S. Air Force to fund a Phase II Small...more

Blockchain Identity Solutions Advance, Federal Reserve and Financial Regulators Address Blockchain, Crypto Institutional Survey...

Fish Producer Joins Food Trust, Blockchain Identity Solutions Advance in UK and US - Last week, a major Norwegian fish producer announced it will join the Food Trust – a permissioned, permanent and shared ledger of food...more

Solutions Announced in Pharma, Energy and Food Industries, Digital Dollar Project Launches, France Approves Second ICO, Major...

Blockchain Solutions Launch in Pharma, Energy and Food Industries - According to reports, the Chinese branch of one of the largest pharmaceutical companies in the world recently announced that it will work with VeChain to...more

Cryptocurrency Trading Firms Expand Services Through Acquisitions, Regulatory Approvals and Investments, SEC Charges ICO Issuer,...

U.S. Crypto Trading Firms Make Acquisitions Targeted at “Prime Brokerage” Services - This week major U.S. cryptocurrency exchange Coinbase announced plans to acquire Tagomi, a U.S.-based prime brokerage platform focused on...more

Crypto Payment Products Target Foreign Markets, Blockchain Enterprise Solutions Launch, Private Lawsuits Target Crypto Firms,...

Payments Evolve: USD Stablecoin Accounts for Latin America and Crypto Debit Cards - Last week, crypto startup Ledn announced the launch of a USDC savings account that will focus on Latin America....more

SEC and Kik Present Competing Arguments on Application of Securities Laws to Blockchain Tokens

On May 8, 2020, the U.S. Securities and Exchange Commission (SEC) and Kik Interactive Inc. (Kik) finished briefing their cross motions for summary judgment, which were previously filed on March 20, with opposition briefs...more

Bitcoin Fund Completes Offering, Major US Bank Opens Accounts for Crypto Exchanges, DOD Awards Blockchain R&D Contract, IRS...

Bitcoin Fund Completes Offering, Ether Futures Launch, Crypto Funds Report Published - We previously reported that a Toronto-based investment manager was launching a Bitcoin Fund, and it has now completed a $48 million...more

FDA Blockchain Report Released, Crypto Fund Launched, Blockchain Trading Platforms Developed, Crypto Payment Firms Make...

FDA DSCSA Blockchain Pilot Report Released, Consortium Formed for Energy Grids - A final report provided in February 2020 to the U.S. Food and Drug Administration (FDA) has been released with details on the FDA’s Drug Supply...more

CFTC Approves Bitcoin Futures, Crypto Initiatives Launch, Blockchain Traceability and Energy Solutions Deployed, South Africa and...

CFTC Approves Bitcoin Futures and Prosecutes Fraud, Amicus Brief Filed in Kik Case - The Commodity Futures Trading Commission (CFTC) has issued an Order of Designation to Bitnomial Exchange, LLC, granting it status as a...more

Bitcoin and Blockchain Products Launch in Financial Products and Data Management, Reports Address Crypto Regulatory Risks,...

Bitcoin and Blockchain Financial Products Launch in Public Funds, Commodities, Debit Cards and Mining “Hash Contracts” - According to an April 9 press release, a Canadian asset manager has become the first firm to launch a...more

Blockchain Developments: Food Supply Chain, Shipping, M&A, Trading Platforms, Regulator Actions, Private Lawsuits, Foreign Laws,...

Blockchain Developments in Food Supply Chain, Shipping Data and Project Best Practices - According to a recent report, GrainChain, a Texas-based startup that uses blockchain to track grain shipments, has used its blockchain...more

Token Litigation Cases Reach Milestones, Stablecoins and CBDCs Gain Attention, CFTC Approves Guidelines for ‘Actual Delivery’ of...

Telegram, Kik and Tezos Cases Reach Milestones in Blockchain Token Litigation - On May 24, the U.S. District Court for the Southern District of New York granted the Securities and Exchange Commission’s (SEC) motion for a...more

Multiple Blockchain Enterprise and Crypto Payment Initiatives Announced, New Crypto AML Rules in Canada and Singapore, DOJ...

Blockchain Traceability Developments for Automobile, Pharma and Art Industries - Earlier this week, one of the world’s largest automobile manufacturers, in conjunction with its financial services arm and two other...more

New US Exchange Launches, India Court Rules in Favor of Crypto Exchanges, OFAC Adds 20 Bitcoin Addresses, DOJ Charges Chinese...

Exchanges Expand in US and Gibraltar; India Supreme Court Ruling Favors Industry - Late last week, a major global messenger app based in Japan announced that it has launched BitFront, a new global cryptocurrency exchange...more

Making Sense of the Telegram Case: Multiple Parties Weigh In as the Courts Consider Whether a Blockchain Token Is a Security

Overview of the Telegram Case - Telegram, a global messaging platform, was founded by Russian brothers Nikolai and Pavel Durov in 2013....more

Navy Awards Blockchain Contract, Crypto Loyalty Programs Advance, Australia Releases Blockchain Strategy, US Warns on Crypto AML...

Blockchain Enterprise Applications Continue to Emerge Across Industries - A press release late last week announced that blockchain startup SIMBA Chain has been awarded a five-year, $9.5 million contract with the U.S. Navy...more

SEC Commissioner Peirce Unveils 'Token Safe Harbor Proposal'

On Feb. 6, during a speech at the International Blockchain Congress in Chicago, SEC Commissioner Hester M. Peirce unveiled a proposed “safe harbor” that would seek to provide an exemption from the registration requirements of...more

New Blockchain Solutions, Crypto Products, Regulations and Licenses; 51% Attack Hits, Insurer Traces Ransomware Payment, Crypto...

Solutions Debut for Wine, Farming Data, Media Authenticity and Credentialing - A multinational closures company has announced what it describes as the first European winery that tracks wine products using “connected...more

Blockchain Pilots Advance Across Manufacturing, Food, Pharma, Grant Management and Capital Markets Industries, Multiple Crypto...

Blockchain Solutions Advance in Manufacturing, Food, Pharma and Grant Management - Last week, one of the world’s largest industrial cobalt producers announced plans to join the Responsible Sourcing Blockchain Network (RSBN)....more

Change and Challenge: What's Next for the Financial Services Industry Brief

On Oct. 25, 2019, BakerHostetler’s Financial Services industry team, in collaboration with the Ohio Bankers League, held its third Financial Services Summit in Columbus, Ohio. The speakers included Ohio Senator Sherrod Brown...more

Shipping Firms Pilot Blockchain, New Crypto Payment Gateways and Products, Wyoming Announces Crypto Custody Rules

Shipping Firms, DHS and Wine Merchants Participate in Blockchain Pilots - Earlier this week, one of the United States’ largest multinational package delivery and supply chain management firms reportedly made the first...more

Industry Token Standards Published, Supply Chain Pilots Expand, Foreign Crypto Guidance Issued, US Enforcement Actions Continue

Token Taxonomy Framework Published, Blockchain Supply Chain Pilots Expand - This week, the members of the Token Taxonomy Initiative (TTI), an organization with members that include several major firms across a diverse set of...more

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