The OCC has decided to pursue the federal fintech charter for which we have been advocating.
We've been calling for a federal alternative to state money transmission licensing for digital currency companies since our inception, and today we are thrilled by Comptroller Curry's remarks: that the OCC will...
The IRS’s indiscriminate request for Coinbase data sets a dangerous precedent.
In a recent editorial for American Banker, Coin Center executive Jerry Brito lays out why this apparent fishing expedition by the agency is based on flimsy evidence and a simplistic...
The IRS is seeking the identities and transaction histories of all Coinbase customers in the U.S.
It has petitioned a court to let it serve what is known as a “John Doe Summons,” which requires a business to turn over information about any of its customers...
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...
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....