UK Statement on Legal Status of Cryptoassets and Smart Contracts

A UK Government-backed, industry-led initiative has published an expert legal statement recognising cryptoassets as property and smart contracts as enforceable agreements under English law. The statement is published by the

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Cryptoassets, Smart Contracts, UK

Hong Kong Securities and Futures Commission Announces New Framework for Regulating Virtual Asset Trading Platforms

The Securities and Futures Commission (“SFC“) has taken another major step towards establishing a regulatory framework for virtual asset trading platforms, and is now inviting licensing applications from platform operators

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Cryptoassets, Hong Kong, Securities and Futures Commission, Uncategorized

U.S. Prosecutors Indict President of Purported Intergovernmental Organization for Cryptocurrency Scheme

On November 6, 2019, U.S. prosecutors in the Southern District of New York announced charges against Asa Saint Clair for his participation in an investment scheme tied to a purported

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Criminal, Fraud, US

UK FCA Reminds Crypto-Asset Firms to Prepare for AML/CTF Regime

Implementation of the EU’s Fifth Money Laundering Directive on 10 January 2020 is now fast approaching. To the Financial Conduct Authority’s long list of responsibilities has been added the role

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Taxing Cryptocurrencies in the UK: New Guidance

The UK tax authority, HM Revenue & Customs (“HMRC”), published, on November 1, 2019 guidance for companies and businesses on

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Cryptocurrency, Tax, UK