Financial Crimes Enforcement Network issues guidance on virtual currency *

USA - May 16 2013
FinCEN recently issued interpretive guidance to clarify that it views certain activities involving convertible virtual currencies as money…

Co-authors: Elsa S. Broeker , Amy L. Pierce, Deborah S. Thoren-Peden.

Will New Jersey join other states requiring cash back for certain stored value cards? *

USA - July 5 2012
On June 25, 2012, both the New Jersey Assembly and Senate voted to approve Senate Bill 1928, an act amending, among other laws, P.L. 2010, c.25.

Co-authors: Jennifer So, Amy L. Pierce, Deborah S. Thoren-Peden.

Starting January 1st, Oregon will require cash redemption for certain gift cards *

USA - August 30 2011
On June 14, Governor John Kitzhaber signed into law Oregon Senate Bill 756, which amends Oregon’s gift card law to prohibit selling a gift card that does not give the cardholder the option to redeem it for cash when the balance on the card is less than $5 and the card has been used for at least one purchase.

Co-authors: Amy L. Pierce, Deborah S. Thoren-Peden.