Delaware taking wait-and-see approach to blockchain regulation

Governor Jack Markell issued a Press Release on Delaware stance towards blockchain tech. From a regulatory standpoint the Governor emphasised that he wants to ensure that Delaware’s: “regulatory environment is welcoming and enabling by observing...
https://www.flickr.com/photos/lendingmemo/11702685083/in/photolist-iQ8jyt-9f2zVa-rn4MxA-9f2zRR-bb3f8k-q6QgE3-89BpxG-9f5Ji7-8NLEmR-8PKTui-yTo3Y-mRYkeZ-8nkQLA-89Bqn3-3gGWAT-bxkzjx-5cKvCX-5cPQT5-4YpSFF-jKGJL4-rPmKi-cxdddL-z4zmg-5vL77V-jKP59E-9f5JgG-9f2Ahp-9f5Jb3-9f5J61-9f2A3M-9f5HT1-89BqMS-oZusdb-9f5J2C-84tcmM-7dLyhw-mUn8Dh-mUn8vw-mUn8gd-mUkgkc-mUk8Uc-mUkga2-mUkg6p-mUk8Bi-mUn7C9-mRYkFk-mRYbeB-mRYb9g-mRYb8e-mRZXq5

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...

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...

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 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,...

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...

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...

SEC Charges Bitcoin Mining Companies

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

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...