Financial Firm Completes CBDC Pilot; Exchanges Launch P2P Trading Platform -
A major U.S. financial services firm recently published a press release announcing that it has “successfully demonstrated capabilities of a new...more
10/23/2023
/ Banking Regulators ,
Bitcoin ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Governor Newsom ,
Hamas ,
New Legislation ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Risk Management
U.S. Bank Launches Blockchain Network, Crypto Bank Gains Securities License -
According to recent reports, the largest bank in the U.S. has gone live with its blockchain-based Tokenized Collateral Network (TCN) and...more
10/16/2023
/ Blockchain ,
Canada ,
Canadian Securities Administration ,
Cryptocurrency ,
Cyber Crimes ,
Decentralized Finance (DeFi) ,
Digital Assets ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Hackers ,
Hamas ,
New Guidance ,
Popular ,
Regulatory Authority ,
Securities ,
Stablecoins ,
Terrorism Funding ,
UK ,
United Arab Emirates (UAE)
Financial Firms Launch Crypto Products for Custody, Tokenization and Staking -
In a recent press release, BitGo announced its plans “to create the first Bitcoin-only trust company” by partnering with Swan Bitcoin, a leading...more
9/25/2023
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Data Collection ,
Delisting ,
Digital Assets ,
Fashion Branding ,
Information Reports ,
Listing Rules ,
Non-Fungible Tokens (NFTs) ,
NYDFS ,
Popular ,
Search Engines ,
Smart Contracts ,
Tokenization ,
Virtual Currency
Financial Services Firms Expand Cryptocurrency Custody Services -
According to recent reports, the cryptocurrency custody arm of a major international bank has launched its institutional cryptocurrency custody services in...more
9/18/2023
/ Blockchain ,
Bureau of Industry and Security (BIS) ,
CFTC ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Enforcement Actions ,
FBI ,
Hackers ,
IOSCO ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Ripple ,
Scams ,
Securities ,
Securities and Exchange Commission (SEC) ,
Theft ,
Virtual Currency ,
Wash Trades
The Internal Revenue Service (IRS) and the Department of the Treasury issued a 282 page notice of proposed rulemaking regarding digital assets and broker reporting on Aug. 26 (the Proposed Regulations), nearly two years after...more
9/14/2023
/ Brokers ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Infrastructure Investment and Jobs Act (IIJA) ,
Internal Revenue Code (IRC) ,
IRS ,
Non-Fungible Tokens (NFTs) ,
NPRM ,
Payment Processors ,
Popular ,
Public Hearing ,
Reporting Requirements ,
Stablecoins ,
U.S. Treasury
SWIFT Publishes Blockchain Pilot Findings; Firms Announce USDC Integrations -
According to a recent press release, the Society for Worldwide Interbank Financial Telecommunication (Swift) recently published a report with...more
9/11/2023
/ Accounting Standards ,
AML/CFT ,
Asia Pacific ,
Bitcoin ,
Blockchain ,
Crypto Exchanges ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
ETFs ,
Fair Market Value ,
FASB ,
FATF ,
Financial Stability Board ,
Hong Kong ,
Information Reports ,
International Monetary Fund ,
Popular ,
Securities and Exchange Commission (SEC)
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
Federal District Court Enters Default Judgment Based on NFT Service of Process -
A federal district court judge in Florida entered a $2.2 million default judgment against a defendant on whom the judge previously authorized...more
8/10/2023
/ Blockchain ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Enforcement Actions ,
Ethereum ,
Fraud ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Revenue Procedures ,
SDN List ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Unregistered Securities
Crypto Firms Expand Offerings in Stablecoins, Private Key Management -
The issuer of the Pax Dollar (USDP) stablecoin recently announced that USDP is now available to all Mexican customers of a major Latin American online...more
7/5/2023
/ Central Bank Digital Currency (CBDCs) ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
FATF ,
Fraud ,
Israel ,
Popular ,
Receivership ,
Stablecoins ,
Virtual Goods
New Crypto Products Launch in Exchanges, Wallets, and Custody -
A recent press release announced the launch of EDX Markets, a “first-of-its-kind digital asset marketplace designed to enable safe and compliant trading of...more
6/26/2023
/ Bitcoin ,
Blockchain ,
Cease and Desist Orders ,
Central Bank Digital Currency (CBDCs) ,
Corporate Governance ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Digital Platforms ,
Enforcement ,
Enforcement Actions ,
Financial Services Industry ,
FinTech ,
Non-Fungible Tokens (NFTs) ,
Popular
CBDC Initiatives Advance in Colombia and Hong Kong -
According to a recent press release, a major U.S. fintech company and “leader in enterprise blockchain and crypto solutions” has announced a collaboration with Colombia’s...more
6/20/2023
/ Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Colombia ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Currency ,
Digital Wallets ,
Hackers ,
Hong Kong ,
Popular
Crypto Firms Announce New Product Launches in Custody, Stablecoins, Wallets -
According to a recent press release, Prometheum Capital has received the first-ever approval from the Financial Industry Regulation Authority...more
6/5/2023
/ Broker-Dealer ,
CFTC ,
Criminal Prosecution ,
Cryptoassets ,
Cryptocurrency ,
Enforcement Actions ,
European Banking Authority (EBA) ,
Financial Services Industry ,
FinTech ,
Fraud ,
IOSCO ,
New Guidance ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
SDN List ,
Securities ,
State Attorneys General ,
United Arab Emirates (UAE)
Product Integrations and Data Indicate Increased Interest in DeFi -
MetaMask, a web3 Ethereum Network cryptocurrency wallet, recently announced a new integration with a major U.S. payments and fintech firm....more
5/22/2023
/ Blockchain ,
Bureau of Industry and Security (BIS) ,
Central Bank Digital Currency (CBDCs) ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Decentralized Finance (DeFi) ,
Ethereum ,
FATF ,
FinTech ,
Fraud ,
IRS ,
Popular ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Ukraine
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
Montenegro Announces CBDC Pilot, BIS Compares CBDCs to Stablecoins -
According to a recent press release, “The Central Bank of Montenegro (CBCG) has agreed to collaborate with the enterprise crypto and blockchain solutions...more
4/17/2023
/ AML/CFT ,
Banks ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Decentralized Finance (DeFi) ,
Ethereum ,
EU ,
Financial Services Industry ,
Hackers ,
Popular ,
Risk Assessment ,
Stablecoins ,
Tax Liability ,
U.S. Treasury
Crypto Exchange Ends U.S. Operations, Swiss Bank to Expand Crypto Offerings -
Late last month, Bittrex, a leading cryptocurrency exchange founded in Seattle, announced it was closing U.S. operations effective April 30,...more
4/10/2023
/ Anti-Money Laundering ,
Commodities ,
Compliance ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Fraud ,
Money Laundering ,
National Futures Association ,
Ponzi Scheme ,
Popular ,
Scams ,
State Securities Regulators
Staking Market Launches, ‘Defi Cover’ Data Published, DAO Buys Golf Course
According to a recent press release, MetaMask Institutional, “the web3 wallet for organizations,” has launched its “institutional staking...more
3/27/2023
/ Biden Administration ,
Blockchain ,
Celebrities ,
Central Bank Digital Currency (CBDCs) ,
Decentralized Autonomous Organization (DAO) ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Fraud ,
Hackers ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Russia ,
Securities and Exchange Commission (SEC) ,
Wells Notice
NFT Integration Software Released; NFTs Used to Serve Complaint in Civil Action -
According to a recent press release, a major U.S. software company has launched a suite of tools that will allow users to “enter the Web3 and...more
3/20/2023
/ Compliance ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Financial Crimes ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Service of Process ,
Terrorist Financing Regulations ,
U.S. Treasury
Dapper Labs was founded in 2018 shortly after the debut of its first NFT collection, “CryptoKitties,” which was so successful it created a bottleneck of transactions on the decentralized Ethereum Network. Seeking faster...more
3/7/2023
/ Blockchain ,
Corporate Counsel ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Ethereum ,
Howey ,
Investment Contract ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities ,
Securities Act of 1933
New ERC-4337 Smart Contract Standard Released to Enhance Wallet Security -
According to reports, Ethereum has deployed a new feature known as “account abstraction,” which has been in development for two years and can “make...more
3/6/2023
/ Banking Regulators ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Wallets ,
G20 ,
Hackers ,
IMF ,
Ontario Securities Commission (OSC) ,
Popular ,
Smart Contracts ,
Trading Platforms
New Data Published on 2022 Crypto Exchange Trading Volume, NFT Royalties -
According to recent reports, Binance, currently the world’s largest cryptocurrency exchange by trading volume, controlled 92 percent of global...more
1/16/2023
/ CFTC ,
Criminal Investigations ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Data-Sharing ,
Department of Justice (DOJ) ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Royalties
Crypto Apps Launch New Features, Custody Firm Achieves CCSS Certificate -
According to recent reports, Uniswap V3 was the most used Ethereum contract in 2022, seeing over 15.5 million transactions throughout 2022 and using...more
1/9/2023
/ Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Fraud ,
Fundraisers ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Risk Alert ,
Risk Assessment ,
Scams ,
Securities and Exchange Commission (SEC) ,
Unregistered Securities
CBDC Report Published, Blockchain Settlement and Payment Initiatives Launch -
This week the New York branch of the U.S. central bank published a report on the Phase I results of Project Cedar, “a multiphase research effort...more
11/14/2022
/ Central Bank Digital Currency (CBDCs) ,
CFTC ,
Commercial Bankruptcy ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Enforcement Priorities ,
Fraud ,
Hackers ,
Information Reports ,
Non-Fungible Tokens (NFTs) ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Securities and Exchange Commission (SEC)
New Crypto Products Launch; Singapore Completes DeFi Pilot with Major Banks -
In a press release published this week, a major U.S. cross-border payments and money transfer company announced a new service in its existing...more
11/7/2022
/ Blockchain ,
CFTC ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Ethereum ,
Hackers ,
IRS ,
New Guidance ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Risk Management ,
Royalties