On 20 February 2023, the Hong Kong SFC published a Consultation Paper setting out the proposed regulatory requirements for licensed Virtual Asset Service Providers under the new regime, t...
On January 31, 2023, the Hong Kong Monetary Authority published the conclusions to its earlier consultation on stablecoin regulations. The consultation conclusions set out the HKMA’s hi...
The Federal Reserve is placing high hurdles for banks seeking to engage in most cryptoasset-related activities, and the Biden Administration is also signaling an increased resistance towa...
Davis Polk counsel Daniel Newman and associate Justin Levine recently authored “The 2023 outlook for crypto legislation: What’s in and what’s missing from current proposals,” in F...
The New York Department of Financial Services (DFS) has released guidance that expands the scope of virtual currency activity for which New York banking organizations need prior approval.
Davis Polk partner Joe Hall recently authored “Regulating crypto: A guide to the unfolding debate” in Bloomberg Law. The article examines the cryptocurrency industry and the ongoing d...
Davis Polk partners Dan Gibbons, Joe Hall and Gabe Rosenberg authored “Quest for regulatory clarity over digital assets in the U.S.” in Financier Worldwide. The article discusses the ...
Davis Polk partner Dan Stipano and associates Kendall Howell and Charles Marshall Wilson authored “Update on U.S. digital asset legislation and regulation addressing illicit finance” ...