ArticleTelegram Abandons TON BlockchainEarlier this month, Telegram Inc. announced that it was abandoning its development of the Telegram Open Network (TON). United StatesTechnologyReed Smith
ArticleUS Consumer Financial Protection Bureau Director Discusses Financial InnovationOn October 23, 2016, CFPB Director Richard Cordray delivered a speech at Money 20/20, focused on how financial innovation can better serve consumers. United StatesTechnologyA&O Shearman
ArticleWith SAB 121 Rescinded, Can Banks Now Hold Crypto?For almost three years, Staff Accounting Bulletin 121 of the Securities and Exchange Commission effectively prevented banks from holding crypto...United StatesTechnologyDuane Morris LLP
ArticleWithers Talks: Cryptocurrency | Ep 9 - US Tax Considerations For Crypto Investors And IssuersTo view the Withers talks: cryptocurrency podcast main page and access other episodes...United StatesTechnologyWithers LLP
ArticleNew York Attorney General James Proposes Landmark Digital Asset LawPartners Brian Mahanna, Tiffany J. Smith and Zachary Goldman, Senior Counsel Eric Lesser, Counsel Isabel Dai, and Senior Associate Zachary Kessler penned an article for The Investment Lawyer...United StatesWealth ManagementWilmerHale
ArticleEuropean Securities And Markets Authority Seeks Views On Distributed Ledger TechnologyOn June 2, 2016, ESMA published a discussion paper on how distributed ledger technology (including, for example, "blockchains") applies to the securities markets. European UnionCorporate/Commercial LawA&O Shearman
ArticleInnovation In The Securities Markets: ESMA Releases Discussion Paper On Distributed Ledger TechnologiesThe European Securities and Markets Authority ("ESMA") published today a Discussion Paper on the application of "distributed ledger technologies" ("DLT") to securities markets.European UnionCorporate/Commercial LawRopes & Gray LLP
ArticleEuropean Commission Publishes Speech On FinTechOn March 8, 2017, the European Commission (EC) published a speech that considered the challenges currently faced by the financial services sector in the EU, with a particular emphasis on FinTech.European UnionTechnologyOrrick
ArticleEuropean Parliament Adopts Resolution On FinTechOn May 17, 2017, the European Parliament voted in plenary to adopt a resolution on FinTech and the influence of technology on the future of the financial sector.European UnionTechnologyOrrick
ArticleKamaraju On Crypto Compliance With Russia SanctionsSidhardha "Sid" Kamaraju, a Partner in Pryor Cashman's White Collar Defense + Investigations, Financial Institutions, and Litigation Groups, co-authored an article with Paul Hinton...GlobalFinance and BankingPryor Cashman LLP
ArticleBlockchain Capital Markets Firms Achieve New Approvals In US And AbroadEarly this week, a New York-based regulated financial institution announced plans to launch a blockchain-based settlement platform for a limited number of U.S. equities.GlobalTechnologyBakerHostetler
ArticleDOJ Prosecutes Crypto Dark Markets, Interpol Fights Crypto Mining MalwareAn Illinois man pled guilty this week to using the dark web and cryptocurrencies to pedal at least 4.3 million counterfeit Xanax pills throughout the United States between March 2017...GlobalTechnologyBakerHostetler
ArticleNew Cryptocurrency Products, Increased Demand For Bitcoin Reported In Africa And Latin AmericaThis week, Bitspark, a Hong Kong-based money transfer platform, reportedly launched the first stablecoin, Sparkdex HKD, pegged to the Hong Kong dollar.GlobalTechnologyBakerHostetler
ArticlePatents Granted To Blockchain Payments Firms, Crypto Mining Expands In Texas And RussiaLast month, a U.S. patent was reportedly granted to a major U.S. cryptocurrency exchange for a new system that would allow users to make bitcoin payments with email addresses...GlobalTechnologyBakerHostetler
ArticleCFPB Revised Fair Lending Enforcement Framework Under ECOAOn April 22, the CFPB issued a final rule revising Regulation B under the Equal Credit Opportunity Act (ECOA). The rule eliminates disparate impact liability from the Bureau’s ECOA enforcement framework...United StatesConsumer ProtectionSheppard
ArticleMaryland Prohibits Tipping In Earned Wage Access ProgramsOn April 28, Maryland enacted SB 94, which revises the state’s earned wage access (EWA) framework and amends tipping provisions under Maryland’s Consumer Loan Law...United StatesConsumer ProtectionSheppard
ArticleNYDFS Reaffirms State Fair Lending ObligationsOn April 22, the NYDFS issued an industry letter reminding entities regulated under the New York Banking Law of their obligations under Section 296-a of the New York Executive Law...United StatesConsumer ProtectionSheppard
ArticleFRB Expands Lender Eligibility For Paycheck Protection Program Liquidity FacilityThe Federal Reserve Board ("FRB") expanded the Paycheck Protection Program ("PPP") Liquidity Facility ("PPPLF") to program lenders approved by the Small Business Administration ("SBA"). United StatesCoronavirus (COVID-19)Hogan Lovells Cadwalader
PodcastGetting To Yes - Kelley Howes Speaks With Host Richard Levick (Podcast)Kelley Howes joins Richard Levick on the In House Warror Podcast to discuss some of the changes being introduced by SEC Chairman Gary Gensler including: ESG, crypto and blockchain...United StatesCorporate/Commercial LawMorrison Foerster