In the summer of 2015, the New York State Department of Financial Services (DFS) finalized its regulatory framework for virtual currency firms seeking to conduct certain virtual currency (VC) business
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blockchain industry
SEC Issues ‘No-Action’ Letters Allowing Sales of Utility Tokens
By Barbara A. Jones & Rebecca G. DiStefano on
In a significant step forward for the cryptocurrency industry, the U.S. Securities and Exchange Commission issued its first “no-action” letter (NAL) to a U.S.-based company using utility tokens created for…
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Florida Creates Blockchain Task Force to Study Benefits of Blockchain Technology
Posted in Blockchain, Blockchain Technology Task Force
On May 23, 2019, Florida Gov. Ron DeSantis signed SB 1024 (Florida Blockchain Bill) into law to establish the Florida Blockchain Task Force (Blockchain Task Force) within the Florida Department…
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Blockchain & Cryptocurrency Newsletter – Winter 2019
By Greenberg Traurig on
2018 was a year of transformation for the blockchain industry. While the market continued to see technological advancements in smart contracts, platform functionality, scalability and security, regulators took a firmer…
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