CFTC Commissioner advice to regulators regarding blockchain technology: “Do No Harm”

CFTC Commissioner Christopher Giancarlo gave a speech at the end of March to the Depository Trust & Clearing Corporation where he compared blockchain technology to the internet. He created a corollary between no regulatory intervention with...

Miami CSI – Bitcoin entrapment 101

US undercover agents regularly adopt overt criminal pretexts for the purchase of bitcoin to see who will fall in the snare. It is quite apparent, that the problem with money laundering regulation is that...

Federal Reserve prepared to endorse regulatory changes if blockchain proves itself

Governor Lael Brainard (a Governor of the Federal Reserve) gave a speech at the Institute of International Finance Blockchain Roundtable, Washington, D.C. on  April 14, 2016 where he showed overall an interest in blockchain...

Consumer protection or consumer benefits – CATO Institute

Dana Syracuse, one of the draftsmen of the Bitlicense, made an interesting point at the recent CATO Institute conference on blockchain that focusing on "consumer protection can cause lawmakers to overlook consumer benefits, especially benefits...
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CFTC ruling that bitcoin and digital currency are commodities

Recent action brought against Coinflip by the CFTC clarifies definition of digital currencies as 'commodities'. The CFTC states: "Bitcoin and other virtual currencies are encompassed in the definition and properly defined as commodities". The Coinflip platform...

US Blockchain Alliance Forms to Combat Criminality, Bring Bitcoin Community & US Gov Together

The Chamber of Digital Commerce and Coin Center have established a forum, called the Blockchain Alliance, to help combat criminal activity involving bitcoin and the blockchain. The organization is comprised of a coalition of companies and other institutions that...

New Wyoming Bill should bring back bitcoin exchanges

New bill being introduced in Wyoming to make cryptocurrency 'permissable instrument'. Read here. Implication that crypto exchanges will be able to satisfy MSB client money protection rules by holding customer bitcoins rather than equivalent amount in US...

Compliance with Bank Secrecy Act – MSB – US

FinCEN has made clear, in its latest fine against Ripple Labs, that even if an ‘exchange’ or ‘administrator’ fails to register at a Federal level for their activities, that they are still subject to...

How will blockchain tech affect Transfer Agents? The SEC wants to know

The SEC is inviting comment on its proposal for Rulemaking on Transfer Agents. A Transfer Agent is a US term to denote a financial institution assigned by a publicly trading company to maintain records of shareholders,...

SEC – tokens can be ‘securities’

  U.S. Securities and  Exchange Commission - Action SEC claims The DAO tokens are securities That there are violations that have taken place However has refrained from pursuing promoters Motivation is deterrence Motivation...