In the last decade, traditional financial institutions such as banks and broker-dealers have faced increased scrutiny from federal regulators and prosecutors related to the adequacy of their anti-money laundering (AML)
Continue Reading AML Compliance Scrutiny of Virtual Currency Services in 2020 and Beyond
In response to an increasing number of private and public initiatives to implement global stablecoins, on April 14, 2020, the G20’s Financial Stability Board (FSB) issued a Consultative Document, “Addressing
Continue Reading G20 Financial Stability Board Seeks Comments on Global Stablecoin Consultation Paper
In November, IRS Office of the Associate Chief Counsel attorney Suzanne Sinno said taxpayers cannot defer taxes on exchanges of cryptocurrency, even for transactions that occurred before 2018. Speaking at
Continue Reading IRS Confirms Pre-2018 Crypto Exchanges Are Not ‘Like-Kind’
New York Superintendent of Financial Services Linda A. Lacewell announced on Sept. 5, 2019 that the New York State Department of Financial Services (DFS) has authorized Paxos Trust Company LLC
Continue Reading First Gold-Backed Virtual Currency in New York Approved
The Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy issued an Investor Alert in January that urged investors to use caution before investing in “so-called initial exchange
Continue Reading SEC Issues Investor Alert on Initial Exchange Offerings (IEOs)
The IRS recently clarified its guidance in Rev. Rule 2019-24, noting that taxpayers must pay income tax on new coins they receive after a transaction in which one cryptocurrency
Continue Reading IRS Clarifies Guidance on Hard Fork Transactions, Offers None on Promotional Airdrops
On March 24, 2020, Judge P. Kevin Castel of the Southern District of New York issued a potentially groundbreaking decision in the matter of Securities and Exchange Commission v. Telegram
Continue Reading SEC v. Telegram: A Groundbreaking Decision in Cryptocurrency Enforcement?
Global law firm Greenberg Traurig, LLP was ranked in the legal category of Chambers and Partners’ 2020 FinTech Guide in the U.S., Japan, Mexico, and Poland jurisdictions.
Arturo Pérez-Estrada,
Continue Reading Greenberg Traurig Recognized in Chambers and Partners 2020 FinTech Guide