In this issue: • Crypto Firms Announce New Product Launches in Custody, Stablecoins, Wallets• New Crypto Guidance Published by CFTC, European Banking Agency, UAE• Multiple Financial Agencies Publish Reports Addressing Crypto Market• OFAC Adds New Crypto Public Keys to SDN List• CFTC Charges Digital Asset Fraud Scheme, NY AG Charges Wallet Provider Crypto Firms Announce … Continue Reading
In this issue: • Product Integrations and Data Indicate Increased Interest in DeFi• Fintech Firms and BIS Pursue CBDC Initiatives• Blockchain Applications Announced for DAO Voting, Oracles and Data Security• SEC Brings Crypto Fraud Charges, IRS Trains Ukraine on Crypto Investigations• FATF Chief Urges End to ‘Lawless Crypto Space’ Product Integrations and Data Indicate Increased … Continue Reading
In this issue: • ETH Staking Data Published, Blockchain Solutions Launch for Financial Services• New York Attorney General Proposes New Legislation for Crypto Industry• UK Authorities Target Illegal Crypto ATMs• Reports Detail Crypto Malware, Phishing and Hacked Exchange Accounts ETH Staking Data Published, Blockchain Solutions Launch for Financial Services By Christopher Lamb According to a … Continue Reading
In this issue: • Multiple Financial Services Firms Announce New Crypto Products• Mutual Fund Integrates with Polygon, US Exchanges Launch Offshore Platforms• Web3 Initiatives Launch for NFT Ticketing, Protocol Infrastructure• UK Seeks Input on Proposed Modifications to Tax Rules Applicable to DeFi• OFAC Announces $7.6 Million Settlement with Crypto Exchange• SEC and State Securities Regulators … Continue Reading
In this issue: • ETH Staking Data Published, USDC Cross-Chain Transfer Protocol Launches• IRS Modifies 2014 Virtual Currency Guidance• OFAC Adds 20 Cryptocurrency Public Keys to SDN List• DOJ Actions Target Crypto Market Manipulation and Money Laundering ETH Staking Data Published, USDC Cross-Chain Transfer Protocol Launches By Joanna F. Wasick New data reflects that the … Continue Reading
In this issue: • European Bank Launches Stablecoin; Financial Firms Expand Crypto Products• Ethereum ‘Unstaking’ Data Published; New DeFi Products Launch• SEC Charges U.S. Crypto Exchange with Multiple Securities Law Violations• States Bring Crypto Enforcement Actions, Assess Supervisory Costs• OFAC Adds New Bitcoin Public Key to SDN List• DeFi Protocol Hacked for $7.4M; Wallet Attack … Continue Reading
Background and Scope The Assessment was drafted by Treasury’s Office of Terrorist Financing and Financial Crimes (“TFFC”), in consultation with multiple U.S. agencies, including the Departments of Homeland Security, Justice, and State; the Commodity Futures Trading Commission (“CFTC”); Office of the Comptroller of the Currency; and the Securities and Exchange Commission (“SEC”). The TFFC also … Continue Reading
In this issue: • Montenegro Announces CBDC Pilot, BIS Compares CBDCs to Stablecoins• Ethereum Network Completes ‘Shanghai’ Upgrade• U.S. Treasury Publishes DeFi Risk Assessment; Banque De France Analyzes DeFi• Study Analyzes 2022 Crypto Tax Compliance Across Various Countries• EU Report Analyzes Cryptocurrency Use on Darknet Markets• Hackers Drain Millions from Crypto Exchanges and DeFi Protocol … Continue Reading
In this issue:• Crypto Exchange Ends U.S. Operations, Swiss Bank to Expand Crypto Offerings• National Futures Association Rule Addresses Digital Asset Commodity Activities• DOJ, Courts and State Securities Regulators Cripple Cryptocurrency Frauds• Cryptocurrency Crime and Anti-Money Laundering Report Published Crypto Exchange Ends U.S. Operations, Swiss Bank to Expand Crypto Offerings By Joanna F. Wasick Late … Continue Reading
In this issue:• “Z” Doors Are Open: Rival Zero Knowledge EVMs Launched by Matter, Polygon• U.S. Central Bank Publishes Order Denying Custodia Bank Application• CFTC Charges Binance Alleging Numerous Commodity Exchange Act Violations• SEC Charges Crypto Exchange; DOJ Charges Crypto ATM; Do Kwon Arrested “Z” Doors Are Open: Rival Zero Knowledge EVMs Launch By Lauren … Continue Reading
In this issue: • Staking Market Launches, ‘Defi Cover’ Data Published, DAO Buys Golf Course• IRS Issues Guidance on Non-Fungible Tokens• Economic Report of the President Criticizes Digital Assets• SEC Charges Crypto Entrepreneur and Celebrities; DOJ Targets Crypto Fraudster• U.S. Crypto Exchange Receives SEC Wells Notice, Publishes Staking Analysis• Moscow Money Mules and Hackers: Digital … Continue Reading
In this issue:• NFT Integration Software Released; NFTs Used to Serve Complaint in Civil Action• US Treasury Official Signals Forthcoming DeFi Illicit Finance Risk Assessment• SEC Chairman Comments on Crypto Activities, NYAG Sues Crypto Exchange• US and International Law Enforcement ‘Takedown’ Crypto Mixing Service• Hackers Use ‘Flash Loan Attack’ to Steal $199 Million from DeFi … Continue Reading
In this issue: • Reserve Bank of Australia and BIS Commence Efforts to Advance CBDCs• Acting Comptroller of the Currency and PCAOB Address Crypto Risks• Binance and Binance.US Face Inquiry from U.S. Senators• SEC and DOJ Continue Enforcement Actions Targeting Crypto Fraud Schemes• Bitcoin ATM Operators Arrested, Charged with Criminal Violations Reserve Bank of Australia … Continue Reading
Dapper Labs was founded in 2018 shortly after the debut of its first NFT collection, “CryptoKitties,” which was so successful it created a bottleneck of transactions on the decentralized Ethereum Network. Seeking faster transaction throughput, Dapper Labs later launched its own decentralized “Flow Blockchain” and native FLOW token. In 2019, Dapper Labs launched the NBA … Continue Reading
In this issue:• Proof of Stake Alliance Publishes Analysis, Advocates for Industry Standards• BIS Analyzes Crypto Market Data, Digital Asset PoC and Consultation Announced• U.S. District Court Denies Motion to Dismiss Claims that NFTs Are Securities• SEC and CFTC Actions Pursue Crypto Misrepresentation and Fraud Actions• DOJ and New York State Actions Target Crypto Fraud … Continue Reading
In this issue: • DeFi Protocols Announce Updates, US Bank Introduces Deposit Token Concept• Financial Stability Board Addresses DeFi Risks in New Report• French Museum to Host NFT Exhibit, New Report Provides 2022 NFT Market Data• SEC Proposes to Expand Scope of Custody Rule to Cover All Crypto Assets• DFS Orders End to BUSD; US, … Continue Reading
In this issue:• DeFi, Stablecoin Products Launch; Bitcoin Network Spikes Due to NFTs• Major Global Stablecoin Issuer Tether Obtains Assurance Opinion• FASB Proposal Would Allow Fair-Value Accounting for Many Digital Assets• SEC Addresses Crypto IRAs; Australia Initiates Token-Mapping Project• BTC Ransomware Defendant Pleads; Report Details North Korea Crypto Activities DeFi, Stablecoin Products Launch; Bitcoin Network … Continue Reading
In this issue:• White House Addresses Crypto Risks; Blockchain Firm Wins Air Force Contract• SEC Issues Order Disapproving Spot Bitcoin ETF Application• OFAC Adds Bitcoin and Ethereum Public Keys to OFAC’s SDN List• UK and Hong Kong Financial Regulators Address Digital Assets• Founder of Crypto Fraud Sentenced; South Korea Prosecutors Raid Exchange White House Addresses … Continue Reading
In this issue:• New Data Published on 2022 Crypto Exchange Trading Volume, NFT Royalties• Blockchain Development Firm Integrates Avalanche with Major Cloud Provider• Governments of El Salvador and Nigeria Take Steps Toward Crypto Adoption• DOJ Enforcement: NFT Rug Pull, Insider Trading, Crypto Fraud and Theft• CFTC Action Alleges Digital Asset Market Manipulation on DeFi Exchange• … Continue Reading
In this issue:• Crypto Apps Launch New Features, Custody Firm Achieves CCSS Certificate• NFTs Permitted for Political Fund Raising; Analysis Details NFT Wash Trading• US and International Regulators Address Crypto Risk Factors for Banks• Treasury Dept. and IRS Issue Transitional Digital Assets Guidance for Brokers• DOJ and SEC Actions Target Crypto Fraud and Unregistered Securities … Continue Reading
The U.S. Securities and Exchange Commission (SEC) Division of Corporation Finance (CorpFin) recently issued guidance (Guidance), including a “Dear Issuer” Sample Letter (Sample Letter) to assist companies in meeting their statutory disclosure obligations in light of the recent crypto downturn. Read the full Alert.… Continue Reading
In this issue: • New Research and Surveys Address CBDCs, Institutional Crypto Investment• NFTs: Government Agencies Seek Comments on NFT IP; New Marketplaces Open• Crypto DEX and Wallet Providers Reveal User Data Collection Practices• SEC Commissioner Addresses Digital Assets and Investor Protection Concerns• SEC Institutes Proceedings Against DAO; FINRA Examines Crypto Advertising• New York State … Continue Reading
On November 7, 2022, the U.S. Department of Justice (DOJ) announced that it had seized more than $3.36 billion worth of bitcoin as part of a continuing investigation into a 10-year fraud involving the Silk Road dark web marketplace. This seizure signifies the DOJ’s second-largest cryptocurrency seizure and financial seizure in history, and it demonstrates … Continue Reading
The 2022 annual report from the IRS Criminal Investigations (CI) division (the Report) demonstrates an impressive year for enforcement, particularly with regard to cryptocurrency. Following the publication, CI Chief Jim Lee made clear that the division will continue to closely scrutinize crypto transactions. He warned: “Expect more outward-facing tax crypto cases here in the near … Continue Reading