“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...

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...
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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...

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...

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...

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...

CTFC Backs up its Warning Against Pump-and-Dump Schemes with Rewards

The U.S. Commodity Futures Trading Commission (CFTC) has issued a customer advisory warning to customers of cryptocurrencies to avoid pump-and-dump schemes that can occur especially in what it refers to as the ‘thinly trade...

US Rules ICOs and Token Sales are Sales of Securities

Legal implications are being assigned to blockchain projects in the US as the Securities and Exchange Commission has ruled that investment methods employed by blockchain-based projects – such as Initial Coin Offerings or Token...

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...

Regulatory Update – Bitlicence, IGCI, Liberland

https://www.youtube.com/watch?v=pj04mIn6Xog