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)
US Exchange Approved for Crypto Futures; Wallet Integrates with Fintech Firm -
A major U.S. cryptocurrency exchange recently announced that it has secured regulatory approval from the National Futures Association (NFA) to...more
8/21/2023
/ CFTC ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Digital Wallets ,
Enforcement Actions ,
FBI ,
FinTech ,
Fraud ,
Hackers ,
Scams ,
Securities and Exchange Commission (SEC)
U.S. Fintech Firm Launches Stablecoin; Circle Launches ‘Programmable Wallets’ -
A major U.S. fintech and payments firm recently announced the launch of a U.S. dollar-denominated stablecoin, PYUSD. According to a press...more
8/14/2023
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
Financial Services Industry ,
FinTech ,
Initial Coin Offering (ICOs) ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Token Sales
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
U.S. Central Bank Launches Instant Payment Service -
A recent press release by the U.S. central bank announced that “its new system for instant payments, the FedNow® Service, is now live.” According to the press release,...more
8/3/2023
/ Blockchain ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Platforms ,
Enforcement Actions ,
Federal Reserve ,
GAO ,
Hackers ,
Payment Systems ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury
Company Announces Stablecoin Pilot; BIS Publishes Reports on CBDCs -
According to a blog post by a major multinational software company, the company has begun a pilot project to experiment with using the USDC and EUROC...more
7/17/2023
/ Bitcoin ,
Bureau of Industry and Security (BIS) ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Congressional Committees ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
ETFs ,
Federal Trade Commission (FTC) ,
Fraud ,
Hackers ,
Hedge Funds ,
Indictments ,
Information Reports ,
Non-Fungible Tokens (NFTs) ,
Royalties ,
Securities and Exchange Commission (SEC) ,
Spoofing
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
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
Background and Scope -
The Assessment was drafted by Treasury’s Office of Terrorist Financing and Financial Crimes (“TFFC”), in consultation with multiple U.S. agencies, including the Departments of Homeland Security,...more
“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)
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
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)
Proof of Stake Alliance Publishes Analysis, Advocates for Industry Standards -
This week the Proof of Stake Alliance (POSA), a nonprofit industry alliance focused on proof of stake (PoS) ecosystems, announced their newly...more
2/27/2023
/ CFTC ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Enforcement Priorities ,
Financial Services Industry ,
Financial Transactions ,
Howey ,
Non-Fungible Tokens (NFTs) ,
Securities and Exchange Commission (SEC) ,
Unregistered Securities
DeFi, Stablecoin Products Launch; Bitcoin Network Spikes Due to NFTs -
According to reports, a new decentralized finance (DeFi) protocol recently launched that allows users to deposit the stablecoins USDC or DAI in a...more
2/13/2023
/ Bitcoin ,
Blockchain ,
Criminal Prosecution ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
FASB ,
Individual Retirement Account (IRA) ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
North Korea ,
Ransomware ,
Securities and Exchange Commission (SEC) ,
Securities Tokens ,
Stablecoins
White House Addresses Crypto Risks; Blockchain Firm Wins Air Force Contract -
The White House issued a statement last week briefly outlining the Biden administration’s road map to mitigate the risks of cryptocurrencies,...more
2/6/2023
/ Biden Administration ,
Bitcoin ,
Blockchain ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Ethereum ,
Executive Orders ,
Fraud ,
Hong Kong ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
UK
Reports Address Crypto Ownership, Stablecoins and Dapp Adoption -
Recent reports provide new data on various areas of the digital asset market. In one report, a survey published by a cryptocurrency trading platform found...more
1/30/2023
/ Blockchain ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
FBI ,
Hackers ,
New Guidance ,
Non-Fungible Tokens (NFTs) ,
NYDFS ,
Request For Information ,
Securities and Exchange Commission (SEC) ,
Stablecoins
Paper Explores Benefits of DeFi for FX; Australian Bank Launches Stablecoin -
A recent industry paper found that DeFi can reduce costs and enhance transparency in foreign exchange (FX) markets. The paper concludes that...more
1/23/2023
/ Blockchain ,
Bureau of Industry and Security (BIS) ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
FinCEN ,
Online Platforms ,
Securities and Exchange Commission (SEC) ,
Stablecoins
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
The U.S. Securities and Exchange Commission (SEC) Division of Corporation Finance (CorpFin) recently issued guidance (Guidance), including a “Dear Issuer” Sample Letter (Sample Letter) to assist companies in meeting their...more
New Research and Surveys Address CBDCs, Institutional Crypto Investment -
Staff from the board of governors of the U.S. central bank recently published a research paper addressing central bank digital currencies (CBDCs)....more
12/5/2022
/ Banking Sector ,
Bitcoin Mining ,
Central Bank Digital Currency (CBDCs) ,
Cryptoassets ,
Cryptocurrency ,
Data Collection ,
Decentralized Autonomous Organization (DAO) ,
Digital Assets ,
Digital Wallets ,
Financial Industry Regulatory Authority (FINRA) ,
Fraud ,
Initial Coin Offering (ICOs) ,
Intellectual Property Protection ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
Office of Foreign Assets Control (OFAC) ,
Securities and Exchange Commission (SEC) ,
USPTO
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 in Custody, Cloud Collaborations and Stablecoins -
This week, a major U.S. financial institution announced that its Digital Asset Custody platform is now live in the United States. According to...more
10/17/2022
/ Bitcoin ,
Blockchain ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
Financial Stability Board ,
FinCEN ,
Fines ,
Government Investigations ,
Hackers ,
Non-Fungible Tokens (NFTs) ,
OECD ,
Office of Foreign Assets Control (OFAC) ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Statutory Violations
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