Most ICOs are Securities Requiring AML and Compliance
Last week, the Canadian Securities Administrators (CSA) released notice 46-307 to initial coin offerings (ICOs) that impacts:
Following Anti-Money Laundering Regulation is Required, Everywhere
Last Tuesday, Alexander Vinnik was arrested and charged with 21 counts of Money Laundering for his alleged role in running BTC-e, a virtual currency exchange, and laundering proceeds stolen from the Mt Gox exchange. BTC-e was well known for not having sufficient AML requirements, requiring customers to only provide an email address and likely failing all 5 pillars of AML.
Guest blogpost by Hugo Cuevas-Mohr of IMTC Conferences and Mohr World Consulting.
In the process of building the RemTECH Awards and asking ourselves what innovation in the remittances industry meant, I searched the internet and talked to colleagues, both in the traditional financial services sector, bank and non-bank, as well as in fintech start-ups.
Guest blogpost by Serrin A. Turner, Benjamin A. Naftalis and Pia Naib of Latham & Watkins LLP
Topics: Virtual Currency
Guest Blog Post by Pratin Vallabhaneni, Associate, Arnold & Porter LLP
Operating a business in the virtual currency industry presents many of the same problems that are faced by any start-up company. However, virtual currency businesses (VCBs) also face a set of unique obstacles, particularly when operating in the United States.
Topics: Virtual Currency
This year's International Money Transfer & Payments Conferences (IMTC) provided three days of learning and discussion at the Las Vegas Westin. The show provided some great insight into the current state of the money transmitter industry, and hosted a variety of interesting sessions from US and International companies. We've summarized our highlights from the conference below.
The fourth annual North American Bitcoin Conference came to a close last week. Overall, the conference was smaller, but brought together a great assortment of speakers. The show also highlighted some of the emerging non-bitcoin applications of blockchain technology.
Below, we've put together our 16 most interesting take aways from TNABC 2016:
The North American Bitcoin Conference (TNABC) begins tomorrow at the James L. Knight Center, in Miami, FL. We'll be there, attending sessions and meeting with customers. To schedule time with us at the show, click here.
Guest Blog Post by Carol R. Van Cleef, Partner- Manatt, Phelps and PhillipsA runner knows how important preparation is to performing well in competition. When it comes to race day, climbing hills on a hot day may be very painful, or impossible, if the training regime has been lax. Likewise, proper training and conditioning are essential for a soldier headed into combat. In both cases, preparation may be a matter of life and death.
Guest Blog Post by Andrew Beal. Andrew Beal is a corporate attorney in Los Angeles, where he advises digital currency companies on regulatory issues related to state and federal compliance.