AIDA

Meet FEAT: Singapore’s New AI and Data Analytics Principles for the Financial Sector

Blockchain

English Court of Appeal: Cryptoasset Network Software Developers May Owe Fiduciary Duties to Token HoldersOFAC Issues Sanctions Guidance to Virtual Currency IndustrySEC Enforcement Action Against Poloniex Signals Heightened Scrutiny for Crypto Exchanges

Cryptocurrency

English Court of Appeal: Cryptoasset Network Software Developers May Owe Fiduciary Duties to Token HoldersFDIC Continues Rulemakings Related to Misrepresentation in Advertising: Digital Asset Businesses Still in the CrosshairsFDIC Issues Cease and Desist Letters to Companies for Crypto-Related Representations About Deposit Insurance

Cybersecurity

DFS Enters Consent Order with Robinhood Crypto for Deficiencies in AML, Cybersecurity, and Virtual Currency ComplianceOFAC Ramps up Targeting of Ransomware-linked Actors and FinCEN Updates Ransomware AdvisoryOFAC Updates Ransomware Advisory and Sanctions Virtual Currency Exchange

Enforcement

FDIC Continues Rulemakings Related to Misrepresentation in Advertising: Digital Asset Businesses Still in the CrosshairsFDIC Issues Cease and Desist Letters to Companies for Crypto-Related Representations About Deposit InsuranceDFS Enters Consent Order with Robinhood Crypto for Deficiencies in AML, Cybersecurity, and Virtual Currency Compliance

Financial Institutions

FDIC Continues Rulemakings Related to Misrepresentation in Advertising: Digital Asset Businesses Still in the CrosshairsUCC Digital Asset Amendments FinalizedCryptocurrency and Other New Forms of Financial Technology: Potential Terrorist Financing Concerns and Liability

FINRA

FINRA 2019 Examination Priorities Letter Includes Focus on FinTech and CybersecurityThe SEC and FINRA Bring the First Enforcement Actions Against Broker-Dealers for Violations in Digital Asset Markets, Providing Reminder of Compliance Obligations

ICOs

SEC Issues Enforcement Action Against Unikrn, Inc. for its ICO, Prompting Rare Public Dissent from Commissioner Hester PeirceSEC Files First Suit Against Alleged Unregistered Broker-Dealer Operating in Digital Asset MarketsAre Cryptoassets Property Under English Law?

Regulatory

OFAC Settles with Digital Currency Payment Processor for Sanctions ViolationsFDIC Overhauls Brokered Deposit RegulationCFTC Issues Final Interpretive Guidance on Actual Delivery for Digital Assets

Sanctions

OFAC Ramps up Targeting of Ransomware-linked Actors and FinCEN Updates Ransomware AdvisoryOFAC Issues Sanctions Guidance to Virtual Currency IndustryOFAC Settles with Digital Currency Payment Processor for Sanctions Violations

SEC Guidance

SEC Enforcement Action Against Poloniex Signals Heightened Scrutiny for Crypto ExchangesTurning the Page: Highlights of the SEC’s Division of Examination’s 2021 PrioritiesSEC Issues Enforcement Action Against Unikrn, Inc. for its ICO, Prompting Rare Public Dissent from Commissioner Hester Peirce

Smart Contracts

The CFTC Releases Primer on Smart Contract Use in Financial Markets

United States

FDIC Issues Cease and Desist Letters to Companies for Crypto-Related Representations About Deposit InsuranceDFS Enters Consent Order with Robinhood Crypto for Deficiencies in AML, Cybersecurity, and Virtual Currency ComplianceUCC Digital Asset Amendments Finalized

Virtual Currency

English Court of Appeal: Cryptoasset Network Software Developers May Owe Fiduciary Duties to Token HoldersFDIC Continues Rulemakings Related to Misrepresentation in Advertising: Digital Asset Businesses Still in the CrosshairsFDIC Issues Cease and Desist Letters to Companies for Crypto-Related Representations About Deposit Insurance