Page 44 - Fin Tech News Today

The U.S. Department of Justice published four recent press releases related to cryptocurrency enforcement actions.

One of the biggest challenges for fintechs is ensuring that their services comply with federal and state money transmission laws. For example, a fintech operating as a payment facilitator faces...

As the first state to follow New York's lead in issuing a crypto-specific license, Louisiana began accepting Louisiana Virtual Currency Business Activity (VCBA) license applications as of January 1, 2023.

In the first insider trading case involving cryptocurrencies, a crypto trader was convicted of insider trading in federal district court and recently sentenced to 10 months in prison.

The "crypto winter" of 2022 brought a bear market and a recent wave of bankruptcies to the crypto industry, leaving some retail customers of crypto exchanges frozen out of their accounts.

In recent years, certain banks have expressed interest in or have engaged in crypto-asset-related activities or have provided banking services to crypto-asset firms. Some crypto-asset firms...

The fallout from the FTX implosion may transport Steph Curry from the basketball court to US district court after the filing of class action lawsuit against the cryptocurrency exchange's celebrity endorsers.

The first of this congress, this is the first time any sub committee of any kind has been created to specifically focus on fin-tech and digital assets and what theyre planning to do, provide clear rules of road, develop policies and provide best practices and this is under the jurisdiction of the financial services committee in the house. there are republicans who have long been interested in this space. the chairman of the committee will now lead these efforts. and remember, democrats in the se...

Pryor Cashman Partner Jeffrey Alberts, who co-heads the Financial Institutions and FinTech Groups, talked to Law360 about the likely impact in 2023 of new rules proposed by the Consumer Financial Protection Bureau (CFPB) last year.

Triggered by the collapse of FTX, regulators and law enforcement officials have made clear that they have the crypto sector under the microscope.