To read this content please select one of the options below:

Recent key Bitcoin and virtual currency regulatory and law enforcement developments

Evan L. Greebel (Katten Muchin Rosenman LLP, New York, New York, USA)
Kathleen Moriarty (Katten Muchin Rosenman LLP, New York, New York, USA)
Claudia Callaway (Katten Muchin Rosenman LLP, New York, New York, USA)
Gregory Xethalis (Katten Muchin Rosenman LLP, New York, New York, USA)

Journal of Investment Compliance

ISSN: 1528-5812

Article publication date: 5 May 2015

2683

Abstract

Purpose

To explain and draw conclusions from six recent bitcoin and virtual currency regulatory and law enforcement developments.

Design/methodology/approach

Discusses and draws conclusions from six recent, important developments: two administrative rulings from the Financial Crimes Enforcement Network (FinCEN), recent remarks by New York State Department of Financial Services Superintendent Benjamin Lawsky, remarks by Mark Wetjen of the Commodity Futures Trading Commission (CFTC), a recent Securities and Exchange Commission (SEC) informational sweep of crowdsales of crypto-equity, and the US Department of Justice proceedings against Trendon Shavers.

Findings

Rather than trying to stifle or control virtual currencies, US governmental entities recognize the long-term value of virtual currencies and are trying to create a regulatory regime to foster growth and development, and an atmosphere where institutional and retail investors are protected.

Originality/value

Provides an overview of the key United States regulatory issues facing companies engaged in Bitcoin-related businesses.

Keywords

Acknowledgements

© 2014 Katten Muchin Rosenman LLP. All rights reserved

Citation

Greebel, E.L., Moriarty, K., Callaway, C. and Xethalis, G. (2015), "Recent key Bitcoin and virtual currency regulatory and law enforcement developments", Journal of Investment Compliance, Vol. 16 No. 1, pp. 13-18. https://doi.org/10.1108/JOIC-01-2015-0009

Publisher

:

Emerald Group Publishing Limited

Copyright © 2015, Authors

Related articles