Archives: Cryptocurrency

Crypto Exchanges Launch Initiatives, NFT Hype Continues, Token Safe Harbor Proposal Updated, Digital Euro Study Published, Hacked Bitcoin is On the Move

By Keith R. Murphy, Veronica Reynolds, Teresa Goody Guillén, Jordan R. Silversmith and Joanna F. Wasick on April 16, 2021 Posted in Bitcoin, Cryptocurrency

In this issue: • Cryptocurrency Exchanges Forge New Paths, Bitcoin ETF Applications Continue • MLB Gets In on NFT Hype, Chinese Alliance Seeks to Bring NFTs to Streamers • Token Safe Harbor Proposal Updated, IRS Memo Addresses Bitcoin Hard Fork • ECB Publishes Survey on Digital Euro, Study Addresses Bitcoin Electricity Usage • Judgment Entered … Continue Reading

CBDC Initiatives Announced Across Globe, US Crypto Firms Pursue Licenses and Form Lobbying Groups, DOJ Targets Unlicensed Crypto MSB

By Veronica Reynolds, Teresa Goody Guillén and Joanna F. Wasick on April 9, 2021 Posted in Bitcoin, Blockchain, Cryptocurrency, ICOs

In this issue: • Central Bank Digital Currencies Explored in Thailand, Japan and Sweden • US Crypto Firm Seeks Clearing Agency License, New Lobbying Group Formed • DOJ Targets Unlicensed Bitcoin Money Transmitter, ICO Extortion Scheme Central Bank Digital Currencies Explored in Thailand, Japan and Sweden By: Veronica Reynolds According to a recent press release, … Continue Reading

Financial Firms Launch New Crypto Products, NFTs Trending, Crypto Exchange Acquires Broker-Dealer, SEC, DOJ, IRS and CFTC Actions Target Crypto Actors

By Jordan R. Silversmith, Veronica Reynolds, Joanna F. Wasick, Keith R. Murphy and Robert A. Musiala on April 2, 2021 Posted in Bitcoin, Cryptocurrency

In this issue: • US Institutional Financial Firms, and Fintech Startups, Launch Crypto Products • Creative NFT Launches and Bitcoin Giveaways Continue To Trend • US Crypto Exchange Acquires Broker Dealer, SEC Action Targets Token Sales • US Enforcement Actions Target Cryptocurrency Darknet Activities and Fraud • DOJ and IRS Actions Target Crypto Tax Evaders, … Continue Reading

Crypto Firm Initiatives in CBDCs and Custody, GSA Auctions Bitcoin, Marketing Campaigns Integrate Crypto, ETFs Seek Approval, Enforcement Actions Continue

By Jordan R. Silversmith, Veronica Reynolds, Teresa Goody Guillén and Joanna F. Wasick on March 26, 2021 Posted in Cryptocurrency, Securities & Exchange Commission

In this issue: • Crypto Firms Expand CBDC and Custody Initiatives, GSA Auctions Bitcoin • Token-Focused Marketing Campaigns Signal Rising Interest in Cryptocurrencies • ETFs Seek SEC Approval as Brazil Approves First ETF, FATF Updates Guidance • CFTC, Canadian Tax Agency and DOJ Continue Crypto Enforcement Activities Crypto Firms Expand CBDC and Custody Initiatives, GSA … Continue Reading

US Firms Launch Bitcoin Products, Seek Approvals; Federal and State Agencies Take Enforcement Actions Against Cryptocurrency Industry Firms

By Joanna F. Wasick and Keith R. Murphy on March 19, 2021 Posted in Bitcoin, Cryptocurrency

In this issue: • US Firms Launch Bitcoin Products, Seek Approvals, Advocate for Crypto Rules • Multiple Federal and State Agencies Take Actions Against Crypto Industry Firms US Firms Launch Bitcoin Products, Seek Approvals, Advocate for Crypto Rules By: Joanna F. Wasick According to reports, in an internal memorandum issued earlier this week, a major … Continue Reading

NFT Sales Launch, Fintech Firms Launch Crypto Initiatives, NY DFS Approves Crypto Firms, CFTC and IRS Target Crypto Crimes, DeFi Project Hacked

By Veronica Reynolds, Robert A. Musiala, Keith R. Murphy and Joanna F. Wasick on March 12, 2021 Posted in Cryptocurrency

In this issue: • NFTs Make Headlines, Global Payments Firm Launches Cryptocurrency Unit • Cryptocurrency Payment Options Expand Across the Globe • Cryptocurrency Firms Achieve NY DFS Approvals, IRS Launches Crypto Initiative • CFTC Action Targets Crypto Market Manipulation, DeFi Hacked for $31 Million NFTs Make Headlines, Global Payments Firm Launches Cryptocurrency Unit By: Veronica … Continue Reading

Crypto Financial Products Announced, MIT Seeks to Improve Bitcoin Codebase, SEC Addresses Digital Assets, DeFi Hacks Continue, Crypto Theft Data Published

By Keith R. Murphy, Joanna F. Wasick and Teresa Goody Guillén on March 5, 2021 Posted in Bitcoin, Cryptocurrency, Securities & Exchange Commission

In this issue: • Crypto Firms Launch New Services, MIT Seeks to Improve Bitcoin Codebase • Institutional Cryptocurrency Investment Products Advance, New Data Published • SEC Focuses on Digital Assets, DeFi Hacked, Crypto Theft Data Published Crypto Firms Launch New Services, MIT Seeks to Improve Bitcoin Codebase By Keith R. Murphy A San Francisco-based cryptocurrency … Continue Reading

Bahamas CBDC Prepaid Card, Ether Investment Products and Travel Rule Solutions Launch, Crypto Enforcement Settlements by OFAC and NYAG

By Jordan R. Silversmith, Veronica Reynolds, Joanna F. Wasick and Keith R. Murphy on February 26, 2021 Posted in Bitcoin, Cryptocurrency

In this issue: • Bahamas CBDC Integrates with Prepaid Card, Bitcoin Donation Data Published • Ether Investment Products Launch, New Publications Detail Crypto Adoption • Travel Rule Solutions Launch, DeFi Market Dissolves Following SEC Inquiry • Federal and State Agencies Pursue Multiple Cryptocurrency Offenders Bahamas CBDC Integrates with Prepaid Card, Bitcoin Donation Data Published By: … Continue Reading

Crypto Payment Options Announced, Federal Reserve Official Addresses Bitcoin, US and Foreign Actions Target Crypto Crimes, DeFi Hacks Continue

By Joanna F. Wasick, Keith R. Murphy and Veronica Reynolds on February 19, 2021 Posted in Bitcoin, Cryptocurrency, Uncategorized

In this issue: • Crypto Payment Options Announced, Federal Reserve Official Addresses Bitcoin • Enforcement Actions Target Crypto Trading, Hacking and Money Laundering • Flash Loan Attacks Cripple DeFi, Criminal ‘Retires’ with $1Billion in Bitcoin Crypto Payment Options Announced, Federal Reserve Official Addresses Bitcoin By: Joanna F. Wasick Late last week, BitPay, a leading provider … Continue Reading

Financial Firms Move to Integrate Cryptocurrencies, Blockchain Solutions Announced Across Markets, Agencies Target Crypto Crimes as Threats Continue

By Veronica Reynolds, Robert A. Musiala, Teresa Goody Guillén and Jordan R. Silversmith on February 12, 2021 Posted in Blockchain, Cryptocurrency, Ransomware

In this issue: • Payment Firms Adopt Cryptocurrencies, Company Purchases $1.5 Billion in Bitcoin • Blockchain Enterprise Initiatives Announced Across Global Markets • US and Foreign Agencies Take Action Against Cryptocurrency Fraud Schemes • Report Details North Korea Links to Crypto Hacks, Ransomware Connections Payment Firms Adopt Cryptocurrencies, Company Purchases $1.5 Billion in Bitcoin By: … Continue Reading

Crypto Exchanges Announce Market Developments, US Report Addresses Crypto Tax, New DOJ and SEC Enforcement, Reports Detail Crypto Crimes

By Veronica Reynolds, Joanna F. Wasick, Teresa Goody Guillén and Jordan R. Silversmith on February 5, 2021 Posted in Cryptocurrency, Securities & Exchange Commission

In this issue: • Cryptocurrency Exchanges and Financial Firms Announce Market Developments • US Report Covers Crypto Tax Issues, Israeli Ruling Says Tokens Are Securities • DOJ, SEC and Europol Bring Various Cryptocurrency Enforcement Actions • Reports Provide Insights on Cryptocurrency Crimes and Darknet Activities Cryptocurrency Exchanges and Financial Firms Announce Market Developments By: Veronica … Continue Reading

Podcast: BakerHostetler Blockchain University: Beyond Cryptocurrency – Non-Financial Use Cases for Blockchain

By Robert A. Musiala and Veronica Reynolds on February 3, 2021 Posted in Blockchain, Cryptocurrency

The fourth episode in the series provides an overview of how Blockchain is being used today in non-financial applications. Topics discussed include using blockchain in various sectors, including the food supply and pharmaceutical industries, maritime shipping, the cobalt supply chain, self-sovereign identity, credentialing and records management. Questions & Comments: rmusiala@bakerlaw.com, vreynolds@bakerlaw.com Listen to the episode. Subscribe to … Continue Reading

FinCEN Extends Crypto Rule Comment Period, Crypto Products Launch; Enforcement Agencies Target Crypto Crimes in US, Japan and China

By Robert A. Musiala and Joanna F. Wasick on January 29, 2021 Posted in Cryptocurrency, Enforcement

In this issue: • FinCEN Extends Crypto Rule Comment Period, Crypto Payment Products Launch • Enforcement Agencies Target Cryptocurrency Crimes in US, Japan and China FinCEN Extends Crypto Rule Comment Period, Crypto Payment Products Launch By: Robert A. Musiala Jr. This week the U.S. Financial Crimes Enforcement Network (FinCEN) published a notice extending the comment … Continue Reading

FinCEN Proposed Rule Halted, Exchanges and Banks Expand Crypto Products, SEC Brings Action Against Token Issuer, Crypto Threat Reports Published

By Jordan R. Silversmith, Veronica Reynolds and Robert A. Musiala on January 22, 2021 Posted in Cryptocurrency, Enforcement, Securities & Exchange Commission

In this issue: • Exchanges and Banks Expand Cryptocurrency Services and Products • FinCEN Proposed Rule Halted, Banks and Crypto Exchanges Adjust Policies • SEC Brings Action Against SAFT and Token Issuer, Related Statement Published • Reports Provide Details on Criminal Activities Involving Cryptocurrencies Exchanges and Banks Expand Cryptocurrency Services and Products By: Jordan R. … Continue Reading

Crypto Trust to Become Bank, FinCEN Comment Period Extended, Navy Awards Blockchain Contract, Dark Market Seized, Illicit Exchange Owner Sentenced

By Veronica Reynolds, Jordan R. Silversmith, Robert A. Musiala and Teresa Goody Guillén on January 15, 2021 Posted in Bitcoin, Cryptocurrency, Enforcement

In this issue: • Crypto Trust to Convert to Bank, FinCEN Extends New Rule Comment Period • Bitcoin Firms List on Public Markets, Japan Diverges from SEC on XRP Status • Navy Contracts for Blockchain Solution, SSI Report and Market Data Published • Enforcement Actions Target Dark Web Market and Illicit Crypto Exchange Crypto Trust … Continue Reading

NY DFS Approves New Stablecoin Co., Blockchain Data Solutions Announced, New Cryptocurrency Regulatory and Enforcement Actions in U.S. and Abroad

By Jordan R. Silversmith, Teresa Goody Guillén, Veronica Reynolds and Joanna F. Wasick on January 8, 2021 Posted in Blockchain, Cryptocurrency

In this issue: • NY DFS Approves New Stablecoin Company, Crypto Financial Products Continue Growth • Blockchain Used To Enhance Auto Geofencing and Combat Whiskey Fraud • US Financial Regulators Continue Crypto-Focused Regulatory Proposals • OFAC Settles With Crypto Custodian; Enforcement Actions in UK, Italy, Iran NY DFS Approves New Stablecoin Company, Crypto Financial Products … Continue Reading

FinCEN Proposes New Crypto Record-Keeping Rules; SEC and CFTC Issue Digital Asset Guidance; SEC Closes 2020 With Multiple Enforcement Actions Against Blockchain Firms

By Robert A. Musiala on January 5, 2021 Posted in Blockchain, Cryptocurrency, Enforcement

In this issue: • FinCEN Proposed Rule Creates New Cryptocurrency Record-Keeping Requirements • SEC Issues Statement on Digital Asset Custody, CFTC Issues Digital Assets Primer • SEC Closes 2020 With Multiple Blockchain Industry Enforcement Actions FinCEN Proposed Rule Creates New Cryptocurrency Record-Keeping Requirements By: Robert A. Musiala Jr. On Dec. 18, 2020, the Financial Crimes … Continue Reading

Traditional and Crypto Firms Across Globe Launch New Initiatives, UN Designs Blockchain Land Registry, Privacy Wallets Spark Debate, Crypto Enforcement Continues

By Veronica Reynolds, Robert A. Musiala, Jordan R. Silversmith, Marc Powers and Teresa Goody Guillén on December 11, 2020 Posted in Blockchain, Cryptocurrency, Tax

In this issue: • Cryptocurrency Firms and Legacy Financial Instituadingtions Worldwide Make Crypto Moves • Traditional and Crypto Firms Partner to Launch Tokenized Stocks and Other Products • UN Designs Blockchain Land Registry; Solutions Address Supply Chain, Energy Efficiency • Crypto Privacy Wallets Spark Debate, Blockstack Says STX Will Shed Security Status • U.S. and … Continue Reading

US Credit Card Company to Integrate USDC, SEC No-Action Letter Addresses ERC20 Token, Tax Bodies Address Crypto, US and State Enforcement Continues

By Jordan R. Silversmith, Teresa Goody Guillén, Robert A. Musiala and Joanna F. Wasick on December 4, 2020 Posted in Bitcoin, Blockchain, Cryptocurrency

In this issue: • Credit Card Company to Integrate USDC Payments, 401(k) Advisor Integrates Bitcoin • SEC Issues No-Action Letter on Digital Assets, Second Addresses ERC20 Token • FinHub Role Expands, Foreign IPO and Lending Service Integrates Crypto • Tax Bodies Address Cryptocurrencies, Exchanges React to Evolving Landscape • US and State Enforcement Agencies Take … Continue Reading

New Crypto Payment Services Launch; Blockchain Pilots Announced for Agriculture, Textile, Seafood Supply Chains; DeFi Project Hacked for $7 Million

By Joanna F. Wasick, Robert A. Musiala and Jordan R. Silversmith on November 20, 2020 Posted in Bitcoin, Blockchain, Cryptocurrency

In this issue: • New Crypto Payment Services Launch, Bitcoin ATM Firm Asserts Patent Rights • Blockchain Pilots Announced in the Agricultural, Textile and Seafood Industries • Spanish Police Target Crypto Front Company, DeFi Project Hacked for $7 Million New Crypto Payment Services Launch, Bitcoin ATM Firm Asserts Patent Rights By: Joanna F. Wasick Late … Continue Reading

Ethereum Upgrade and Blockchain Identity Solutions Progress, SEC Addresses Digital Asset Custody, Data Published on ICO Penalties and Crypto Crimes

By Jordan R. Silversmith, Robert A. Musiala and Veronica Reynolds on November 13, 2020 Posted in Blockchain, Cryptocurrency, ICOs

In this issue: • Ethereum 2.0 Moves Closer to Launch, Blockchain Identity Solutions Announced • SEC Addresses Digital Asset Custody, Crypto Firms Achieve Licenses/Certs • Crypto Fraudster Sentenced, Data on ICO Penalties and Crypto Crimes Published Ethereum 2.0 Moves Closer to Launch, Blockchain Identity Solutions Announced By Jordan R. Silversmith After having launched last week, … Continue Reading

US Crypto Debit Card Launches, Cayman Islands Announces VASP Regulations, Enterprise Developments in Telecom and Transport, DOJ Seizes $1 Billion in Bitcoin

By Joanna F. Wasick, Robert A. Musiala and Jordan R. Silversmith on November 6, 2020 Posted in Blockchain, Cryptocurrency

In this issue: • US Crypto Debit Card Launches, Cayman VASP Regs Announced, INX to List in Canada • Blockchain Developments in Telecommunications, Transportation and Digital Identity • DOJ Seizes $1 Billion in Bitcoin from Silk Road, DOJ and CFTC Prosecute Crypto Fraud US Crypto Debit Card Launches, Cayman VASP Regs Announced, INX to List … Continue Reading

US Bank Crypto Services Proceed, Crypto Debit Cards Launch in US and Mexico, Blockchain Enterprise Developments, and Crypto Enforcement Continues

By Robert A. Musiala, Jordan R. Silversmith and Joanna F. Wasick on October 30, 2020 Posted in Blockchain, Cryptocurrency

In this issue: • US Bank and Trust Companies Move Forward with Cryptocurrency Services • Cryptocurrency Debit Cards Launch in the United States and Mexico • Blockchain Developments in Protocols, Healthcare, Copyrights, E-Signatures, IoT • Enforcement Actions Target Crypto SIM Swapping and Ponzi Schemes US Bank and Trust Companies Move Forward with Cryptocurrency Services By: … Continue Reading

Major U.S. Firm Offers Cryptocurrency Services, Blockchain Solutions Launch Across Industries, CFTC Issues Crypto Guidance, FinCEN Fines Tumbler Service

By Robert A. Musiala, Teresa Goody Guillén and Joanna F. Wasick on October 23, 2020 Posted in Blockchain, Cryptocurrency, Supply Chain

In this issue: • Major U.S. Payments Firm Launches Cryptocurrency Service as Adoption Grows • Blockchain Supply Chain, Copyright and Satellite Comms Solutions Launch • CFTC Guidance Addresses Crypto Deposits, Travel Rule White Paper Published • Arrests Target Criminal Network Using Crypto, FinCEN Fines Tumbler Operator Major U.S. Payments Firm Launches Cryptocurrency Service as Adoption … Continue Reading