Enforcement Trends in Cryptocurrency

Cryptocurrency is on the rise...and so are enforcement actions.

December 28, 2015

Cryptocurrency is on the rise...and so are enforcement actions.

In less than a decade, cryptocurrencies have grown from a novelty reserved for those dealing in the illicit into a robust platform embraced by financial institutions and businesses alike. Wall Street and strategic investors have increasingly taken note, working to adapt their technology, streamline market trading and integrate cryptocurrency into everyday financial transactions. The rapid adoption of cryptocurrencies has also led to increased government enforcement activity. These actions evidence US regulators’ appetite to investigate fraud and other violations linked to cryptocurrency — often using traditional laws and regulations. Given this increased government scrutiny, financial institutions and traders should understand how regulators have policed the virtual world in the past in order to be prepared for the future. Read the full Client Alert.

Additional Resources
  • Regulating Bitcoin and Other Cryptocurrencies
    How will regulators respond to the evolving cryptocurrency market? Read more.
  • Cryptocurrencies Are Commodities: CFTC’s First Bitcoin Enforcement Action
    In the absence of specific CFTC regulations regarding Bitcoin, the order helps clarify the CFTC’s positions on cryptocurrency derivatives. Read more.
  • As Bitcoin Gains Momentum, Focus on Regulation Increases
    Middle East entrepreneurs have begun launching Bitcoin payment products and SMEs are beginning to realize the potential of such technology. Read more.

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