The Office of Foreign Asset Control (OFAC) is taking aim at cryptocurrency and recently issued two new frequently asked questions (FAQs) on how to block digital currency and what banks should tell blocked customers. The FAQs are provided below:
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In July 2018, the Financial Industry Regulatory Authority (“FINRA”) issued Regulatory Notice 18-20 (“Regulatory Notice”) with respect to digital assets.
Recently, ACA’s Mike Seery and Brian Roberts hosted a live webcast discussing recent developments in the regulation of digital assets, and how investment advisers’ compliance programs can adapt to manage related risks. During the webcast, we received several interesting questions from the audience. This post provides Mike and Brian’s take on a few of the most commonly asked questions.
Navigating the Future
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Investors and regulators globally are actively reviewing and examining digital asset advisers’ investment practices.
During the first quarter of 2018, U.S. regulatory agencies and a federal district court issued statements and took actions that are likely to significantly affect the U.S.