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 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...

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...

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...

SEC Charges Bitcoin Mining Companies

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

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...
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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...

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...

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...