On June 1, 2023, Hong Kong’s licensing regime for virtual asset trading platforms came into force, following the SFC’s Consultation Conclusions published on May 23, 2023 setting out t...
The NY Attorney General is seeking legislation that would significantly expand the state’s reach over digital assets and require wholesale changes to the operation of digital asset busi...
Davis Polk partner Gregory Rowland and counsel Sarah Kim served as contributing editors for the sixth edition of International Comparative Legal Guide’s Public Investment Funds. Sarah a...
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.