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FinTech Update Blog

Articles: 1-10 of 46

Kik Settles Unregistered Token Sale for $5 Million

USA - November 6 2020 On October 21, 2020, the United States District Court for the Southern District of New York (SDNY) entered a final judgment on consent against Kik…

Telegram Abandons TON Blockchain

USA - May 22 2020 Earlier this month, Telegram Inc. announced that it was abandoning its development of the Telegram Open Network (TON). The move comes after the SEC…

Wyoming and Colorado Emerging as Leading Digital Asset Venues in the U.S.

USA - October 28 2019 Technology innovation tends to happen at a rapid pace, as companies take on a “fail fast” approach to ensure that products are…

SEC Obtains TRO against Telegram Group Inc.

USA - October 18 2019 On October 11, 2019 the U.S. Securities and Exchange Commission (SEC) filed an emergency action in the United States District Court for the Southern…

Alice v. CLS Bank: no friend to FinTech patents based on abstract ideas

USA - October 18 2019 In a recent decision, the U.S. District Court for the Southern District of New York invalidated Western Express Bancshares, LLC’s (Western Express) U…

MIAX continues to win FinTech patent battle with Nasdaq

USA - October 16 2019 Miami International Holding Inc. et al. (MIAX) attained five victories within two weeks before the Patent Trial and Appeal Board (PTAB) of the U.S…

SEC Files ICO-Related Enforcement Action Against ICOBox

USA - September 24 2019 In Securities and Exchange Commission v. ICOBox et al, the Securities and Exchange Commission (“SEC”) alleges that defendant ICOBox and its…

FCA publishes final guidance on cryptoassets regulation

United Kingdom - August 14 2019 On 31 July 2019, the United Kingdom Financial Conduct Authority (“FCA”) published its final guidance on the types of cryptoassets that fall within the…

U.S. Securities and Exchange Commission Publishes Joint Statement on Broker-Dealer Custody of Digital Asset Securities

USA - July 10 2019 On July 8, 2019 the U.S. Securities and Exchange Commission (the “SEC”) and the Financial Industry Regulatory Authority (“FINRA”) (both, the…

FCA proposes retail ban on cryptocurrency derivatives

United Kingdom - July 8 2019 On 3 July 2019, the United Kingdom Financial Conduct Authority (the “FCA”) published its consultation paper on a proposed ban on the sale, marketing…