Archives: Banking

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Market Updates in CBDCs, Crypto Funds, BD-ATS Platforms and Stablecoins; DOJ and CFTC Enforcement Continues; DeFi Error Releases Millions in Crypto

In this issue: • CBDCs Explored by the U.K., New Zealand and Major Payments Network • New Products Launch in Crypto Funds, BD-ATS Platforms and Stablecoins • Fashion, Sports, Graphic Novels and Art: NFT Market Continues to Expand • Crypto Enforcement: DOJ and CFTC Target Sanctions and Registration Violations • DeFi Error Releases Millions in … Continue Reading

Cryptocurrency and NFT Market Growth Continues, Regulators Across Globe Target Crypto Industry as Threats Continue, Global Blockchain Survey Published

By Robert A. Musiala, Veronica Reynolds, Lauren Bass, Teresa Goody Guillén, Keith R. Murphy and Joanna F. Wasick on August 27, 2021 Posted in Banking, Bitcoin, Blockchain, Cryptocurrency, Cybersecurity, Enforcement, Global, NFT, Securities & Exchange Commission

In this issue: •Crypto Market Develops in DeFi, Payments, Compliance and Consumer Adoption • Market Navigation, Fashion Metaverse, Online Tutorials: NFT Adoption Continues • Crypto Compliance Addressed by CFTC, Thai SEC, South Korea and UK FCA • SEC, DOJ and Ontario Securities Commission Bring Crypto Enforcement Actions • Reports Released on Crypto Scams and Malware, … Continue Reading

Blockchain Announcements in Supply Chain, Genomics, IoT, Trade Finance and Bitcoin Futures; More SEC ICO Enforcement

By Diana Stern, Simone O. Otenaike, Panida A. Pollawit and Joanna F. Wasick on September 27, 2019 Posted in Banking, Blockchain, Cryptocurrency, Enforcement, Securities & Exchange Commission

In this issue: • From Cattle to Coffee to Cannabis: Enterprises Continue to Test Blockchain Supply Chain Solutions • Enterprise Report Published, New Pilots Announced for Copyright, Genomics and IoT • Financial Institutions Continue Blockchain Pilots, Physical Bitcoin Futures Launch • SEC Brings Charges for ICO Fraud, DOJ Indicts Hackers, Regulatory Reports Published From Cattle … Continue Reading

New FinCEN Guidance for Cryptocurrency and Blockchain Businesses

By Laura E. Jehl, Robert A. Musiala, Jonathan A. Forman and Joanna F. Wasick on June 11, 2019 Posted in Banking

On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN) published FIN-2019-G001, which provides new guidance on the application of the Bank Secrecy Act (BSA) and FinCEN regulations to money services businesses that engage in money transmission involving convertible virtual currencies. While stating that it “does not establish any new regulatory expectations or requirements,” the … Continue Reading

New Blockchain Solutions Announced Across Industries, Multiple Crypto Enforcement Actions Announced Across Jurisdictions

By Joanna F. Wasick, Diana Stern, Jordan R. Silversmith and Simone O. Otenaike on April 26, 2019 Posted in Banking, Bitcoin, Cryptocurrency

In this issue: • Banks Announce Blockchain Initiatives, Stablecoins Launch, France Passes New Law • Reports Detail Blockchain Solutions Across Industries, Provide New Data on Growth • New Reports Provide Details on Hacks, Ransomware and Criminal Use of Bitcoin • Enforcement Actions Involving Cryptocurrency Continue in US and Abroad • New York Attorney General Announces … Continue Reading

New Blockchain Payments Solutions, Business Applications, Investor Opportunities, Regulations and Malware Attacks

By Simone O. Otenaike, Diana Stern, Brian P. Bartish and Robert A. Musiala on March 22, 2019 Posted in Banking, Blockchain, Cryptocurrency

In this issue: • New Blockchain Payments Solutions Announced for Banks, Merchants and the Unbanked • Cryptocurrency Investors Bullish on New Opportunities Despite Risk and Uncertainty • Blockchain Applications Advance in Food Production, Transport, Recordkeeping, Contracting and Voting • Public and Private Sector Entities Address Blockchain Regulatory Environment • Cryptocurrency Threat Actors Attack Cloud Infrastructure, … Continue Reading

Blockchain Developments: Supply Chain, IDs, Financial Products, UN Warnings, Regulator Actions

By Robert A. Musiala, Simone O. Otenaike, Brian P. Bartish and Joanna F. Wasick on March 15, 2019 Posted in Banking, Blockchain, Global, ICOs

In this issue: • New Blockchain Solutions Seek to Secure Tuna, Ports, Identity and Communications • Institutional Crypto Products and Blockchain Infrastructure Pilots Announced • Crypto Regulators Display Flexibility, Enforcement Agencies Flex Muscle • UN Addresses North Korea Crypto Hacks, Storage and Stablecoin Vulnerabilities Reported New Blockchain Solutions Seek to Secure Tuna, Ports, Identity and … Continue Reading

Blockchain Developments: Bitcoin ATMs, Token Listings, Voting Pilots, Shipping Competition, Global Enforcement, Tax and More

By Joanna F. Wasick, Jonathan D. Blattmachr, Diana Stern, Simone O. Otenaike, Roger M. Brown and Heather K. P. Fincher on November 9, 2018 Posted in Banking, Bitcoin, Blockchain, ICOs

In this issue: • NY DFS Grants License to Bitcoin ATM Operator, Exchanges Make Announcements • Capital Markets Developments in Regulatory Guidance, Value of ICO Offerings and Banking • Blockchain Pilots for Voting and Supply Chain, Global Shipping Business Network Challenges TradeLens • Multiple Enforcement Actions in US and Abroad Seek to Quell Blockchain Industry … Continue Reading

Blockchain Continues to Disrupt Banking, Capital Markets, Enterprise … and Crime

By Robert A. Musiala, Simone O. Otenaike, Njeri Chasseau and Brian P. Bartish on July 20, 2018 Posted in Banking, Blockchain, Enterprise

In this issue: • New Blockchain Solutions Emerge in Banking, Trade Finance and Payment Processing • More Blockchain Enterprise Solutions Announced • Blockchain Continues Heavy Influence on Capital Markets • Update on Cryptocurrency Cybercrimes and Enforcement Actions New Blockchain Solutions Emerge in Banking, Trade Finance and Payment Processing By: Robert A. Musiala Jr. Blockchain continues … Continue Reading