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Blockchain Legal Resource Blog

Articles: 1-10 of 125

OCC Charters the First National Crypto Bank

USA - January 19 2021 The Office of the Comptroller of the Currency (OCC) issued a conditional approval last week for Anchorage Digital Bank to become the first…

OCC Authorizes Banks to Leverage Cryptocurrency Payment Networks

USA - January 6 2021 The Office of the Comptroller of the Currency (OCC) issued Interpretive Letter 1174 on January 4, 2021, clarifying the authority of national banks…

Designing Stablecoins: Federal Regulators Issue Statement Highlighting Key Regulatory and Supervisory Considerations

USA - December 28 2020 The President’s Working Group (PWG), a federal interagency working group of financial regulators established by Executive Order in 1988, has issued a…

New Legislation Proposes to Merge Crypto and Banking

USA - December 8 2020 Newly-proposed federal legislation would require all issuers of stablecoins and certain other digital asset companies to obtain a bank charter as a…

SEC Determines Digital Asset, VCOIN, Not a Security

USA - November 23 2020 On November 19, 2020, IMVU, Inc. (“IMVU”) received no-action relief from the Securities and Exchange Commission (the “SEC”) confirming that the…

Kansas Issues Sales Tax Guidance on Digital Currency

USA - November 20 2020 Only a few states have issued guidance on the sales tax treatment of digital currency transactions. On November 2, 2020, Kansas joined this group…

SEC and Wyoming Division of Banking Address Custody of Digital Assets

USA - November 16 2020 The Wyoming Division of Banking issued a No-Action Letter (NAL) in October 2020 in response to a request from a Wyoming-chartered public trust…

Wyoming Issues Second Crypto Bank Charter

USA - November 10 2020 Wyoming recently awarded its second special-purpose depository institution (SPDI) charter to Avanti Bank. Kraken was the first institution to receive…

Central Banks Issue Report Considering CBDCs

Global - October 27 2020 Recently, a group of central bankers issued a report entitled “Central Bank Digital Currencies: Foundational Principles and Core Features.” Released…

PayPal Pushes Crypto Further into the Mainstream

USA - October 22 2020 PayPal released a press release on Wednesday, October 21, 2020, announcing the launch of a new cryptocurrency service that will enable its users to…