In this blog post, we round-up forthcoming developments in the UK and at EU and International levels in FinTech-related regulation which are expected for November 2021.
Tag: crypto
FinTech Global Regulatory Round-up – w/e 15 October 2021
In this regular update, we round-up FinTech-related regulatory developments for the week ending 15 October 2021. Continue reading
FinTech Global Regulatory Round-up – w/e 24 September 2021
In this regular update, we round-up FinTech-related regulatory developments for the week ending 24 September 2021. Continue reading
OFAC Sanctions Cryptocurrency Exchange to Combat Ransomware Payments, Releases New Ransomware Guidance
On September 21, 2021, the Office of Foreign Assets Control (“OFAC”) of the Treasury Department issued an Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments (“Updated Advisory”), which warns of the sanctions risks of making or facilitating ransomware payments and provides expanded guidance on steps that companies may take to mitigate ransomware risk. Continue reading
FinTech Global Regulatory Round-up – w/e 17 September 2021
In this regular update, we round-up FinTech-related regulatory developments for the week ending 17 September 2021. Continue reading
FinTech Global Regulatory Round-up – w/e 10 September 2021
In this regular update, we round-up FinTech-related regulatory developments for the week ending 10 September 2021. Continue reading
FinTech Global Regulatory Round-up – w/e 6 August 2021
In this regular update, we round-up FinTech-related regulatory developments for the week ending 6 August 2021. Continue reading
FinTech Global Regulatory Round-up – w/e 16 April 2021
In this regular update, we round-up FinTech-related regulatory developments for the week ending 16 April 2021. Continue reading
BitPay Settlement Signals Growing OFAC Focus on Cryptocurrency Transactions
On February 18, 2021, BitPay, Inc. (“BitPay”), a major cryptocurrency payment processing platform, entered into a $507,000 settlement with the Office of Foreign Asset Control (“OFAC”), to settle allegations that it processed cryptocurrency payments which violated various US sanctions programs. Significantly, OFAC did not allege that BitPay knowingly violated sanctions laws or took steps to actively conceal violations. Rather, OFAC alleged that BitPay had inadequate due diligence and internal controls policies in place which failed to identify potential sanctions violations.
Crypto assets and the market abuse regulation: Main challenges
First published on Thomson Reuters Regulatory Intelligence on 31 October 2019.
This fourth article of a series on crypto assets considers which crypto assets are subject to the market abuse regulation (MAR), and the particular challenges that may present.