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FinCEN’s First Enforcement Action Against P2P Virtual Currency Exchanger

On April 18, 2019, the Financial Crimes Enforcement Network (FinCEN), an arm of the U.S. Department of the Treasury assessed a civil money penalty against Eric Powers for willfully violating the Bank

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Bitcoin, Currency Exchange, FinCEN, US

Bitcoin Dealer Sentenced to Two Years in Prison and Ordered to Forfeit Ill-Gotten Gains

On April 8, 2019, Jacob Burrell Campos of Rosarito, Mexico, was sentenced to two years in prison and to forfeit USD 823,357 in illicit profits for operating an unlicensed money

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AML, Criminal, KYC, Money Transmitter, US

New York State Denies Bittrex Request for BitLicense

We have previously written about New York’s BitLicense regulations, which prohibit companies from engaging in “virtual currency business activity” in New York, or with New York residents, without a license.  Bittrex,

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AML, BitLicense, Cryptocurrency, New York

The Gibraltar Stock Exchange Set To Offer Digital Debt Securities and Funds

The Gibraltar Stock Exchange (GSX) is set to become among the world’s first stock exchanges to offer the listing services of digital debt securities and digital funds. The GSX announced

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Gibraltar, GSX, Tokenized Securities

SEC Issues its First Cryptocurrency No-Action Letter

In a first, on April 3, 2019, the US Securities and Exchange Commission issued its first cryptocurrency No-Action Letter.  The

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Cryptocurrency, No-Action Letter, SEC, US

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