Financial Services & Securities

How does El Salvador’s Bitcoin Law Impact U.S.-based Virtual Currency Exchanges?

In our recent article on the legal framework governing virtual currencies, we briefly discussed the distinction between money transmitters and virtual currency exchanges.  In short, transmitters are entities that convert fiat currency into virtual currency, whereas exchanges are entities that… Read more

Cryptocurrency: An Evolving Market Still in its Infancy and Where it Stands Today

Bitcoin was first introduced in a 2009 white paper, Bitcoin: A Peer-to-Peer Electronic Cash System.[1]  Since then, cryptocurrencies[2], also known as virtual or digital currencies, have exploded, with thousands of different types in circulation, achieving a $2T market cap in… Read more

Cryptocurrency: A Legal Framework for a Fast-Moving Technology

Our previous article considered the technology behind cryptocurrency. This article will focus on the legal framework governing the industry.  The cryptocurrency market is subject to a patchwork of inconsistent legislation and regulations that continue to evolve, leading to uncertainty about… Read more

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