Banking Regulators Back Crypto
National Banks now have clear guidance on how to custody cryptocurrencies for its customers, paving the way for broader adoption of digital assets. The Office
New York Proposes Conditional BitLicense for Virtual Currency Businesses
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
CFTC Approves US Bitcoin Futures and Options Exchange
In 2016, Bitnomial Exchange, LLC filed an application with the U.S. Commodity Futures Trading Commission (CFTC) to operate an exchange, formally known as a Designated
Facebook’s Second Take at Digital Currency: A Review of the Newly Renamed Novi Blockchain Division
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
SEC v. Telegram Litigation Update
On March 24, 2020, Judge Castel of the United States District Court for the Southern District of New York issued an order granting the SEC’s
Client Alert: CARES Act Offers Benefits for Small Businesses & Self-Employed Individuals
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
