Tag Archives: currency

CBP Sued Over Currency Seizure Practice

[Note: Updated to properly identify the organization supporting the litigation.]I often tell students and other lawyers that the great thing about my practice is the lack of human drama. In most cases, getting to the right result in a dispute … Continue reading

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NFA Sends U.S Treasury OFAC Virtual Currency Compliance Notice to Members

Last week the NFA sent a notice regarding the Department of Treasury's Office of Foreign Assets Control (OFAC) as it applies to Virtual Currency such as Bitcoin. The NFA urges its Futures Commission Merchants (FCM) and Introducing Brokers (IB's) to … Continue reading

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Taking a byte at financial crime: New AML/CTF guidance and timelines for digital currency exchanges

Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regulator, AUSTRAC, has released its guidance with respect to new laws that require digital currency exchange (DCE) providers to register and comply with AML/CTF obligations. AUSTRAC takes a broad approach in interpreting what … Continue reading

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The SEC and Virtual Currency Markets

Posted by Richard M. Rosenfeld, Matthew Rossi, and Alex C. Lakatos, Mayer Brown LLP, on Saturday, March 24, 2018 Editor's Note: Richard M. Rosenfeld, Matthew Rossi, and Alex C. Lakatos are partners at Mayer Brown LLP. This post is based … Continue reading

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Comment period concludes for Retail Commodity Transactions Involving Virtual Currency proposed interpretation

By Brad Rosen, J.D. The comment period for the CFTC’s proposed interpretation focusing on the actual delivery exception for retail virtual currency transactions came to an end on March 20, 2018. The CFTC received a total of 96 comments according … Continue reading

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