EU Commission ponders setting a transaction limit on virtual currencies

On the 23 January 2017, the EU Commission published a “Proposal for an EU initiative on restrictions on payments in cash”. This came in the form of an impact assessment into exploring the relevance...

Australian Senate Committee Report on Digital Currencies

The Australian Senate Economics Reference Committee released a report discussing various aspects of digital currencies (DC). The report gave a broad overview of digital currencies, opportunities and risks, tax treatment under Australian law, regulatory...

ESMA Call for information

  The European Securities and Markets Authority (ESMA) is currently accepting responses for information regarding several aspects of decentralised digital currencies until the 21st July. ESMA is looking into aspects such as : Investment products (e.g....

Ripple Labs fined by FinCEN

Ripple Labs operator of the Ripple protocol has been fined $700k on a number of counts including: failing to have registered as an MSB; for not having an AML policy in place and not having a...

North Carolina passes Bill that amend “Money Transmitters Act” (2001-443, s. 2.) to...

On the 12th May the North Carolina House of Representatives passed a bill (the Bill) to amend  the Money Transmitter Act (the MTA) . The Bill expands the MTA  to cover digital currency based...

FATF issues guidance for virtual currencies

  The Financial Action Task Force (FATF) issued a “Guidance for a Risk-Based Approach for Virtual Currencies (VCs)” on the 26th June. FATF is an intergovernmental organisation that mainly issues policy recommendations in the areas of...