BITS OF BLOCKS
BLOCKCHAIN, LAW AND REGULATION
Steven Pettigrove, Partner, Piper Alderman
Michael Bacina, Partner, Travers Thorp Alberga
Powell pessimistic about purpose of CBDCs in IMF conference comments
Jerome Powell expresses his reservations about the purpose of a CBDC in the US at a recent IMF conference
JPM Coin goes live with launch of dedicated blockchain division
JPMorgan's digital currency, JPM Coin, has made its first live commercial transaction this week by a large international technology company.
FinCEN issues first fines for Bitcoin mixing
The US Financial Crimes Enforcement Network (FinCEN) has issued its first-ever financial penalty against a Bitcoin mixer. FinCEN, the US...
PayPal promotes payments with digital currency
PayPal announced on 21 October 2020 that it will be offering digital currencies to US customers.
OECD publishes insights on tax policy issues of digital currencies
The OECD and the G20 on 12 October 2020 published a report analysing different international tax policy implications of the taxation of...
Arca analysis alleges Gnosis failed to deliver on promises
Cryptocurrency investment company Arca has recently called on Gnosis to pay back its token holders
Federal bank confirms CBDCs as a possible state defence against stress events like COVID-19
Just two weeks after the Central bank of the Bahamas announced it was set to become the first country in the world to launch a central...
RBA reluctantly reconsiders retail CBDC in latest paper
The RBA has published a detailed paper setting out its continued sceptical position on a possible retail central bank digital currency
Putting a price on privacy's head: Monero Wanted Dead or Alive by the Internal Revenue Service
The U.S. Internal Revenue Service (IRS) will pay any contractor $625,000 if they can trace the privacy-centric crypto asset monero (XMR).
Mastercard minting digital currencies for central banks?
Mastercard has announced the release of a proprietary testing environment which gives central banks the tools to test CBDCs
Coca Cola invests in Centrapay for crypto collaboration
Amatil X, Coca-Cola Amatil’s corporate venture arm, completed a minority investment in NZ crypto payment company Centrapay
US Comptroller of Currency pursuing Federal Charters for Payment Firms
The US OCC is pushing forward with a its plan to offer national banking charter to non-depository payment providers
Update: Ripple request rejected at Interlocutory Hearing, injunction imposed
Following our earlier article about the dispute between Ripple Labs is being sued by New Payments Platform Australia (NPPA), NPPA has...