Results 1-10 of 25
18 September 2019
Facebook’s proposed stablecoin, Libra, is dominating the headlines. However, growing interest means increased regulatory and political scrutiny. As digital assets transcend national borders, what does this mean for those interested in issuing or participating...
Stablecoins - a global overview of regulatory requirements in Asia Pacific, Europe, the UAE and the US
17 September 2019
13 September 2019
A deliberate design feature of Bitcoin is that it enables users to buy or sell anything without revealing their identity. Yet, paradoxically, all Bitcoin transactions are stored publicly and permanently on blockchain. Now, as seen in recent cases, enterprising...
2 August 2019
Many of the world’s largest asset management firms are exploring the potential of crypto-funds, but what are they, what are the risks, how are they regulated, how do you set one up and who has custody of the assets? These were some of the questions discussed...
27 June 2019
Facebook has announced that it is to launch Libra, a global digital currency, backed by some of the biggest names in financial services and tech including Visa, Mastercard, Uber and Spotify. The aim is to provide instant international money transfers by blockchain...
FinCEN Cautions Financial Institutions on North Korea, Iran & Jurisdictions Exhibiting Strategic AML and Terrorist Financing Deficiencies
13 March 2019
The US Financial Crimes Enforcement Network's first "Advisory" of 2019 highlights restrictions on business activity with North Korea and Iran, and notes other jurisdictions with strategic AML and terrorism financing deficiencies. The FinCEN Advisory...
31 January 2019
Technology continues to have an enormous impact on financial services and the pace of change shows no signs of abating. Following the bold predictions we made last year, we highlight the five stand-out trends for fintech in 2019.
Are Your Tokens Outside US Securities Law Jurisdiction? Important Extraterritoriality Decision Handed Down by US District Court
28 September 2018
Token issuers often sell their securities offshore and consider such sales to be exempt from US securities regulation. But this raises the question of location - are the token sales in fact outside the US for securities law purposes? In In re Tezos...
12 July 2018
The US Financial Industry Regulatory Authority ("FINRA") last week published a Regulatory Notice (the "Digital Assets Notice" or "RN 18-20") recommending that FINRA member firms provide information about existing and future business...
26 June 2018
On June 1, 2018, the U.S. Securities and Exchange Commission announced settlements with thirteen investment managers for failure to properly file Form PF. The settlements included a $75,000 civil penalty. These enforcement actions serve as a warning to private...