The New York Department of Financial Services (NYDFS), grants a virtual currency (VC) license...

On Monday 18th of June, a fintech company Square successfully obtained a virtual currency license, commonly known as ‘BitLicense’, granted by the New York Department of Financial Services (NYDFS). Square is a financial services company...

Revision to Virtual Currency Anti-Money Laundering Guidelines

The Republic of Korea’s Financial Services Commission (FSC) and the Korea Financial Intelligence Unit (KoFIU) approved, revisions to the Virtual Currency Anti-Money Laundering Guidelines introduced by the KoFIU in January 30, 2018. The revised...

Australian Government Begins Regulation of Cryptocurrency Exchanges

The Australian government is attempting to crack down on issues such as money laundering and terrorism financing through the introduction of a new Bill, which includes the regulation of cryptocurrency exchanges. Last month, the...

Are you trading a digital currency derivative? UK

Financial Markets Act 2000 (FSMA) is the main legislation regulating the financial services industry. This may affect you if you are trading digital currency derivatives in the UK. Core prohibition under s.19 FSMA: "(1)No person may...