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UPDATE: Cryptocurrency Law Continues To Develop.
Cryptocurrency is here to stay, despite Bitcoin’s recent rollercoaster ride. The law around digital currency is developing quickly, affecting a variety of practice areas from banking to criminal law.
Modernizing Financial Crime Rules Treasury Undersecretary for Terrorism and Financial Crimes Sigal Mandelker said at a Senate Banking Committee hearing looking into potential changes to the Bank Secrecy Act and anti-money laundering laws that the system in place has been helpful to law enforcement in their efforts to track down illicit funds. But, because the regime was first put in place during the 1970s, some changes were needed to make it work better. “We need to continuously upgrade and modernize our system,” Mandelker told senators. Top Treasury Official Backs Updating Financial Crime Rules, Law360, January 17, 2018
Follow the law of cryptocurrency as it develops with the expert analysis and primers below: