A wide range of topics, including regulatory developments, legislative changes, court rulings, industry trends, and best practices in blockchain law. We source news from reputable publications, industry-leading sources, and authoritative legal resources to ensure you have access to timely and reliable information.
Nasdaq Inc. became the latest mainstream financial firm to take a step back from digital assets, aborting its launch of a custodian business in the US due to the shifting business and regulatory environment. The exchange operator is also halting its efforts to pursue a license related to the business but will continue to build out … Read more
Today, paperwork was filed in the case of Ilya Lichtenstein and Heather Morgan (also known by her rap name Razzlekhan) for their role in laundering the more than 120,000 Bitcoin stolen from Bitfinex in 2016, suggesting the couple will plead guilty in a hearing scheduled for August 3rd. The stolen Bitcoin was valued around $70 million at the … Read more
Chainalysis in Action: How Law Enforcement Tracked Millions’ Worth of Illicit Bitcoin in the Harmon Brothers Cases Within the span of a few years, two brothers from Ohio were imprisoned for cryptocurrency-related crimes. The first, Larry Dean Harmon, was arrested and charged for a money laundering conspiracy arising from his operation of Helix, a cryptocurrency mixing service operating on … Read more
OSFI launches consultation on regulatory capital and liquidity treatment of crypto-asset exposures OTTAWA, ON, July 26, 2023 /CNW/ – The Office of the Superintendent of Financial Institutions (OSFI) is proposing changes to its capital and liquidity approach to crypto-assets to reflect an evolving risk environment and international developments. Today, OSFI announced two draft guidelines, one for federally regulated deposit-taking … Read more
UN Security Council debates benefits and risks of AI – AI has the potential to transform approaches to human rights. The UN’s use of technology within the United Nations Support Mission in Libya to monitor citizens’ responses to policies sped up advances in the nation’s 2022 Global Peace Index. Additionally, the UN has utilized AI … Read more
World Economic Forum. How can organizations prepare for generative AI? To read article click link
World Economic Forum – Boson Protocol Awarded as Technology Pioneer by The World Economic Forum – Boson Protocol named among The World Economic Forum’s selection of the 100 most promising Technology Pioneers of 2022 – See article above
GAO report on blockchain and financial services issued today. GAO is an arm of Congress. The report was requested by House Financial Services Ranking Member Waters (D-CA) and Digital Asset Subcommittee Ranking Member Lynch (D-MA). It discusses the alphabet soup of regulators. It states that the spot markets and stablecoins need legislation. The rest of … Read more
Federal Reserve announces Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live. The Federal Reserve on Thursday announced that its new system for instant payments, the FedNow® Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money … Read more