SEC Charges Bitcoin Mining Companies

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

Delaware Update

  Delaware bill Senate bill 69 Location of bill Details of bill and location for download: https://legis.delaware.gov/BillDetail?legislationId=25730 Status of bill Signed into law on 21 July 2017. Purpose Delaware approved bill to allow for share records to...

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...

Colorado: Senate Bill 18-086 — Concerning the Use of Cyber Coding Cryptology For State...

The State of Colorado enacted Senate Bill 18-086 (‘Bill’) on May 30, 2018. The Bill will require the: Chief Information Security officer in the governor’s office of information technology (OIT), Director of...

Selling bitcoins is not regulated by State of Florida?

Previously we reported of the entrapment case of Michell Espinoza who was accused of operating an unlicensed MSB and money laundering for having sold bitcoin to undercover agents with fake criminal pretexts. The Circuit Court Judge...

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...

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...

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...

New York: Development of State’s Crypto Regulations

In this article, we will provide you with a summary of New York’s Department of Financial Services (DFS) development of regulatory framework for the fintech. The Department embarked on this process in responding to...
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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...