Regulatory Update – Bitlicence, IGCI, Liberland

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

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)...

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...

Regulatory Update – USA, EU and Spain

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

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...

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,...

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...
video

USA & Australia – Video Update

https://youtu.be/UGQLpbhyWd8

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...