On 31 October, the government and regulators of the Hong Kong financial industry signaled a clear intention to embrace digital ledger technology and its various applications such as crypt...
The FSOC report assesses the financial stability risks of the crypto-asset ecosystem using a framework for vulnerabilities and shocks pioneered by the Federal Reserve, and makes several r...
The U.S. Treasury and Justice Department released regulatory and legislative recommendations and priorities to address illicit finance risks connected to the digital assets ecosystem, fol...
Two bills recently introduced in the Senate with cross-aisle support aim to give the CFTC more regulatory sway over digital assets. But neither would solve the fundamental riddle of wheth...
On July 6, 2022, the Hong Kong government introduced the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 (the Bill), which includes a new licensing regime for ...
Members of the Davis Polk Restructuring, Financial Institutions, Finance and Mergers & Acquisitions practices discussed key considerations and opportunities for different types of market ...
Digital asset legislation is on the (perhaps distant) horizon. We have started to see legislative proposals, some of which are meant to create a regulatory framework for all digital asse...
The New York Department of Financial Services (DFS) released guidance outlining reserve, redemption and disclosure requirements for U.S. dollar-backed stablecoins issued by DFS-regulated ...
Davis Polk partner Gregory Rowland and counsel Sarah Kim served as contributing editors for the fifth edition of International Comparative Legal Guide: Public Investment Funds 2022. Greg ...
Davis Polk partners Joe Hall and Jai Massari recently authored “Regulating Crypto Shouldn’t Hinge on Securities Status” in Law360. In the article, Joe and Jai discuss why regulators...