SEC Chair Mary Jo – Blockchain to Replace Trading, Clearing and Settlement Systems

SEC Chair Mary Jo White gave an interesting Keynote at the SEC-Rock Center on the 'Protection of Investors in an Innovative Marketplace'. She spoke of 'unicorns' ($1bn companies) and the alchemy of valuations and the...

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,...

Don’t forget to register with FinCEN if you are a foreign digital currency exchange

Sometimes there is a misconception that if you are based outside of the US and operating a digital currency exchange with US customers that there is no requirement to comply with US rules. That is...

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...

itBit receives trust charter in New York.

This is the first digital currency business to receive a Trust Charter. NYSDFS invited applicants to apply for a Trust Charter in March last year. The only difference between a Trust Charter and a fully fledged...

SEC Charges Bitcoin Mining Companies

SEC charges two bitcoin mining companies with conducting a 'ponzi' scheme.

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...

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...

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...

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...