Table of Contents Introduction to FinCEN and The BSA If you’re a U.S. business dealing with cryptocurrencies on a frequent basis, you’re most likely familiar with the legal concepts “money transmitter” and “money service business” (MSB). If not, you’re potentially opening yourself up to a world of hurt by failing to comply with federal and…

Table of Contents The 2019 Guidance As the cryptocurrency landscape proceeds to blossom, regulatory bodies like the Financial Crimes Enforcement Network, or “FinCEN,” continue to play a crucial role in shaping the industry’s  legal framework. For a brief discussion on the history of FinCEN’s entanglement with crypto, see our article Evolution of FinCEN’s Crypto Guidance.  …

The Lawsuit Investors in the bankrupt cryptocurrency exchange Voyager Digital are suing the National Basketball Association (NBA), and New Jersey’s oldest law firm, McCarter & English. This emerging legal battle illustrates how even some of the largest and most reputable brands and companies can quickly become ensnared in controversy in an industry marred by a…

Alphabet Soup For over a decade, cryptocurrency has captured the imagination of investors, entrepreneurs, and technologists alike, presenting new opportunities and challenges in the world of finance. And if the financial world has taught us anything, it’s that where consumer interest journeys, regulators are quick to follow. The cryptocurrency craze is no exception. In a…