We have previously written about how U.S. states have, one by one, passed legislation relating to blockchain. As we enter 2020, Illinois has become the latest state to do so. The Blockchain Technology Act took effect on January 1, 2020. Under the Act, “blockchain” is defined as “an electronic record created by the use of a decentralized method by multiple parties to verify and store a digital record of transactions which is secured by the…
Latest Posts
- Illinois Becomes Latest US State to Recognize Blockchain
- SEC Charges Individual with Orchestrating Offering Fraud
- SEC Announces Settlement With Longfin Founding CEO
- Members of U.S. Congress Request Further Input from IRS Following the U.S. Tax Authority’s Guidance on Airdrops and Hardforks
- Bahamas Introduces CBDC
- SEC Settles Charges With Issuer Over Unregistered ICO
- Crypto Firms Shutting Down Because of European AML Requirements
- EU Publishes Statement on Stablecoins
Recent
On January 8, 2020, the SEC announced that it had charged Donald G. Blakstad and two entities he…
We have previously reported on the SEC’s case against Longfin Corp and its founding CEO and controlling shareholder,…
On October 9, 2019, the U.S. tax authority (the Internal Revenue Service or “IRS”) released Revenue Ruling 2019-24…
Effective as of December 27, 2019, the Bahamas went live with its central bank digital currency (“CBDC” )…
On December 18, 2019, the U.S. Securities and Exchange Commission announced that it had settled charges against blockchain…
Two firms – cryptocurrency mining pool Simplecoin and bitcoin gaming platform Chopcoin – are shutting down as a result…