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Blockchain Week in Review - December 2020 #2 | Perkins Coie


Weekly Focus:
Digital Asset ‘Stacks’ Plans 2.0 Launch as Non-Security
Secretary Mnuchin Emphasizes G7 Coordination on Digital Currencies
CFTC and SEC Leaders to Step Down
DOJ Indicts ICO Promoter for Tax Fraud, SEC Files Civil Suit
France Strengthens Anti-Money Laundering (AML) Requirements for Digital Asset Companies
Thailand Plans to Incorporate Blockchain into Tax Revenue Collection Systems
U.S. Developments
Members of Congress Request SEC Clarity On Digital Securities Custody
On December 9, a bipartisan group of representatives penned a letter to SEC Chairman Jay Clayton regarding the issue of broker-dealer custody of digital securities. In the letter, the representatives encouraged the SEC and FINRA to address digital asset custody in light of recent interpretive guidance from the Office of the Comptroller of the Currency (OCC) clarifying that national banks may provide custody services for digital assets. ....

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