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Overheard on the Block(chain)

Virtual Currencies, Digital Assets & the Law

Paxos Settlement

First Gold-Backed Virtual Currency in New York Approved

By Rebecca G. DiStefano & William Mack on April 24, 2020

Posted in Asset-backed Tokens, Featured, New York

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…
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Greenberg Traurig’s global Blockchain & Digital Assets Group comprises more than 100 attorneys across multiple legal disciplines in key financial hubs around the world, providing a centralized approach to blockchain and digital asset matters. We leverage our diverse experience to advise clients on matters ranging from token structuring, fund formation, investment strategies, financial regulation and registration, international tax planning and structuring, stable coins and asset-backed digital assets, infrastructure applications, technology licensing and development, mining, securities compliance, cryptocurrency exchanges and trading, and blockchain-as-a-service.

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