Shipkevich Bitcoin and ICO Attorney

Year: 2017

Felix Shipkevich December 21, 2017

FinCEN Resource Center (financial institution contact), FRC@FinCEN.gov Immediate Release December 04, 2017 FinCEN Seeks to Strengthen Public-Private Partnership to Combat Financial Crime WASHINGTON — The United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) launched the FinCEN Exchange program today to enhance  information sharing with financial institutions.  As part of this program, FinCEN, […]

Felix Shipkevich December 13, 2017

Public Statement Statement on Cryptocurrencies and Initial Coin Offerings SEC Chairman Jay Clayton Dec. 11, 2017 The world’s social media platforms and financial markets are abuzz about cryptocurrencies and “initial coin offerings” (ICOs). There are tales of fortunes made and dreamed to be made. We are hearing the familiar refrain, “this time is different.” The […]

Felix Shipkevich October 20, 2017

The NASAA (North American Securities Administrators Association) is an organization composed of 67 administrators from the territories, districts, and states of Canada, Mexico, the Unite  States, Puerto Rico, and the U.S. Virgin Islands. They just released their 2017 Annual Enforcement Report which includes responses from 50 jurisdictions throughout the U.S. Aside from the customary account […]

Felix Shipkevich September 15, 2017

Initial Coin Offering (ICO) is a financing method that is currently pulling in billions of dollars from amateur investors. Regulatory agencies are taking notice of it and making extensive efforts to enforce oversight over them. Policy analysts and commercial litigators predict that this combination of events will lead to a barrage of lawsuits. Like initial […]

Felix Shipkevich August 18, 2017

Financial service industries have come a long way by adopting decentralized ledger technology (DLT), or more frequently termed blockchain. This is only the beginning. With blockchain technology entities can avoid many of the traditional hurdles. At the same time, jurisdictional regulations are attempting to keep up with the exponential spread of blockchain technologies throughout a […]

Felix Shipkevich August 2, 2017

As we gradually witness the rise of the nascent cryptocurrency market, the government is becoming more curious. Currently, the cryptocurrency market is so volatile that the government believes it is imperative to assign stricter regulations on these new instruments. Recently, the state of Washington passed regulations on cryptocurrencies with an intention of protecting consumers. This […]

Felix Shipkevich June 16, 2017

Concord, NH – New Hampshire exempted bitcoin from money transmission regulation by a bill signed into law by Governor Chris Sununu. The bill states that individuals “who engage in the business of selling or issuing payment instruments or stored value solely in the form of convertible virtual currency or receive convertible virtual currency for transmission to […]

Prehina Pramee June 8, 2017

WASHINGTON, D.C. —Today, the Consumer Financial Protection Bureau (CFPB) brought action against Intercept Corporation, a payment processor and two of its executives, Craig Dresser and Bryan Smith for the illegal authorization of withdrawals from consumer accounts by their clients.  The lawsuit was filed in federal district court in which the CFPB asserts that Intercept ignored […]