Andrew Bull of Bull Blockchain Law shares his insights on the rebranding and relaunching of Facebook’s digital currency as newly renamed Novi
What happened? After receiving substantial pushback from U.S. and international regulators, Facebook is seeking to rebrand, recalibrate, and relaunch its digital currency project, Libra. Renaming the wallet development Division to “Novi,” Facebook…
Throughout 2019, @Bull Blockchain Law was the U.S. law firm contributor to the European Commission's study on #blockchain and #cryptocurrency.
Tyler Harttraft and myself are proud to finally share the fully published Study on Blockchain. Alongside the Spark Legal Network, an EU law research consultancy, we dove into the legality of blockchain, digital assets, and…
The New York State Department of Financial Services (NYDFS) recently published a proposal for reforming its licensing framework for virtual currency businesses to operate in New York.
Commonly known as the “BitLicense”, the 2015 regulation laid out the parameters for cryptocurrency companies to conduct business in New York. Since its enactment, 25 licenses have been…
What happened? After receiving substantial pushback from U.S. and international regulators, Facebook is seeking to rebrand, recalibrate, and relaunch its digital currency project, Libra.
Renaming the wallet development Division to “Novi,” Facebook is leaving behind ambitions to create a fully decentralized global Facebook cryptocurrency, and instead, is focusing on creating a set of nation-backed digital…
The Coronavirus Aid, Relief, and Economic Security Act or the “CARES Act” has been signed into law and provides $2 trillion in relief to American households and businesses from the economic destabilization caused by the COVID-19 pandemic.
Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls…
The Securities and Exchange Commission (SEC) recently proposed amendments to the definition of “accredited investor,” one of the principal tests for determining the eligibility of investors to participate in various kinds of private securities offerings. The proposal looks to expand and update the definition to create a more effective method for identifying individual and institutional…
On April 3, 2019, the SEC responded favorably to a No-Action Letter submitted by TurnKey Jet, Inc. (TKJ) detailing its proposal to offer and sell blockchain-based digital assets in the form of “tokenized” jet cards (“Tokens”). In its request, TKJ sought to offer and sell the Tokens without registering the offering under Section 5 of…
On July 21, 2017, the Delaware Governor enacted new legislation permitting corporations to use "distributed electronic networks or databases" – aka blockchain technology – for the maintenance of corporate records, including stock ledgers.
Corporate governance issues are not readily apparent to the public, likely because such issues can be rectified internally before they…