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...

BTC-e Fined by FinCEN

  BTC-e fined for violation of US AML laws Prosecution against BTC-E Canton Business Corporation for “willfully violating U.S. anti-money laundering (AML) laws” Penalty USD$110,003,314 of which USD$12 million penalty against Alexander Vinnik one of...

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...

Bitcoin: ‘property’ or ‘currency’ a 1.3m US dollar question?

US bankruptcy case where Trustee for failed company HashFast is seeking 3000 bitcoins back from Lowe (who was a promoter of HashFast). If Trustee is successful in proving bitcoin is a commodity and or property...

Bill436: New Hampshire has increased the scope of MSB licensing and clarified exemptions

Bill436: New Hampshire has increased the scope of MSB licensing and clarified certain exemptions for users of virtual currency. House bill 666 (HB666) regulated money transmission services using virtual currency. This was approved in July...

“The Times They Are A Changin’” – tax enforcement against cryptoexchanges is the new...

The United States Internal Revenue Service (IRS) has requested details on Coinbase’s users to identify any tax violations. This action seems to have arisen as a result of US Treasury reprimanding the IRS for not...

California to launch the first US Virtual Currency Sandbox

California feels, rather than licensing virtual currency businesses, it should enroll them in a program to help the state learn more about the technology. Last year Bill 1326 was introduced to license virtual currency businesses (the Initial Bill)...

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 and CFTC Mandarins Cautious Views on Cryptocurrencies

On 4th February 2018, the Chairman of the Securities and Exchange Commission (SEC), Mr Jay Clayton and the Chairman of the Commodity Futures Trading Commission (CFTC), Mr Christopher Giancarion appeared before the Senate Committee...

Wyoming State in a Race to be USA’s Friendly Home for ICOs

The US State of Wyoming legislature unanimously passed a bill that provides exemption from security regulations if they satisfy three key requirements as of July 2018. The bill states that: Except as otherwise provided by...