Cryptocurrency

Swiss Bankers Association Publishes Updated Guidelines on Opening Banks Accounts for Companies with a Nexus to Distributed Ledger Technology

On August 20, 2019, the Swiss Banking Association (“SBA”) released guidelines for member banks (in German with Italian, French and English versions to follow) about opening company accounts for companies

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AML, Banking, Cryptocurrency, KYC, Switzerland

Burundi Bans Cryptocurrency

The Bank of The Republic of Burundi issued a statement in which it banned the use of cryptocurrencies in the country. The Statement said, “Since virtual currencies or cryptocurrencies are

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Burundi, Cryptocurrency

Marshall Islands To Issue Its Own Cryptocurrency

In 2018, the Marshall Islands passed a Sovereign Currency Act, declaring its intention to release a new, national digital currency.  In an essay published by Coindesk on September 4, The

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Cryptocurrency, Marshall Islands

IRS Begins Notifying Owners of Cryptocurrency of Potential Failures to Report Income and Pay Taxes

In July, the IRS announced that it had begun sending letters to taxpayers who may have failed to properly report income and pay any tax associated with cryptocurrency transactions or

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Cryptocurrency, IRS, US

Texas Renews its Cryptocurrency Crackdown

Texas has been one of the more active states in the United States when it comes to cryptocurrency enforcement.  The

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Cryptocurrency, Texas

Class Action Against Crypto Mining Scheme Moves Forward

On June 21, 2019 a Connecticut federal judge certified a class of alleged victims of a cryptocurrency mining Ponzi scheme. 

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Class Action, Cryptocurrency, Litigation, US

Liechtenstein Government Announces New Blockchain Act

On May 7, 2019 the Liechtenstein government reported that it passed a motion to implement a new law on Tokens

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Cryptocurrency, Liechtenstein

UK Jurisdiction Taskforce Launches Consultation on Cryptoassets, Distributed Ledger Technologies and Smart Contracts

The UK Jurisdiction Taskforce (“UKJT“) recently published a consultation paper on the status of cryptoassets, DLT, and smart contracts under

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Cryptoassets, Cryptocurrency, Distributed Ledger Technology, Smart Contracts, UK

FATF is Anticipated to Issue Global Standards for Regulating Certain Cryptocurrency-Based Services in June 2019

During a speech at Consenus 2019, Sigal Mandelker, the U.S. Treasury’s Under Secretary for Terrorism and Financial Intelligence, reiterated the

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AML, Banking, Cryptocurrency, FATF

English High Court Rules on Cryptocurrency Investments

On April 21, 2019, the English High Court ruled that it would have jurisdiction to hear the case of Ramona

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Bitcoin, Consumer Law, Cryptocurrency, UK
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