Digital currency exchanges have similar risk profiles to chartered trust companies and can be safely governed by the same rules.
A direct download of this comment is available here.
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This OCC rulemaking could a make a big difference for digital currency exchanges.
Almost two months ago the OCC issued a notice of proposed rulemaking regarding receiverships for uninsured national banks. That doesn't sound like something related to cryptocurrency but, as the comment we...
Bottom line, the report found that there has been little coordination within the IRS about ensuring virtual currency related tax compliance. The IG recommended that the IRS: 1) develop a...
What are the hurdles facing a blockchain enabled future?
Last week Coin Center director of research Peter Van Valkenburgh stopped by the Software Engineering Daily podcast to discuss the unique capabilities of open blockchain networks like Bitcoin and Ethereum,...
An update from the recent Uniform Law Commission drafting meeting
The latest from our participation in what could be United States' best bitcoin licensing law yet.
I’ve just returned from the Twin Cities where the Uniform Law Commission had its third and probably penultimate meeting of the committee to draft a Uniform Regulation of Virtual Currency...
The California Department of Business Oversight, which regulates money transmitters, has apparently found it necessary to issue certificates to licensees that they can show banks. From DBO’s October newsletter: Some...
What does the OCC’s new innovation framework say about a national fintech charter?
Not a thing, but that’s not so bad. The framework, released Wednesday, is the culmination of the OCC’s “responsible innovation” process and, among other things, the OCC announced that it...
Third Letter on the Uniform Law Commission’s Uniform Regulation of Virtual Currency Businesses Act
Coin Center's brief written comment to the committee outlining our residual concerns with this important model legislation.
A direct download of this letter is available here
Video: Could your decentralized token project run afoul of securities laws?
That was the question Peter Van Valkenburgh had developers asking themselves during his recent presentation at Ethereum’s DevCon2 in Shanghai. For those who missed DevCon2, the recording has now been...
Poloniex yesterday filed a request for “no-action” relief from the CFTC.
This is the latest episode in what must seem to non-policy-geeks like a tedious and esoteric regulatory saga that began with Bitfinex’s June settlement with the CFTC. It’s important, though....