Tag:virtual currency

1
United Kingdom: Crypto Regulation: Stablecoin
2
United Kingdom: UK Crypto Regulation: Regulated Activities
3
United States: The Continuing Shift to Modern Money Transmission Laws
4
Alaska Will Require Licensing for Crypto Money Transmitters
5
Rhode Island & Nevada Enter the Cryptocurrency Fray

United Kingdom: Crypto Regulation: Stablecoin

By: Judith Rinearson and Kai Zhang

The United Kingdom is quickening the pace on the new crypto regulatory regime. The Financial Conduct Authority (FCA) published three papers in quick succession in May 2025: a discussion on key policy positions (DP25/1) and two consultations on detailed rules (CP25/14 and CP25/15). This blog focuses on CP25/14. Please see our upcoming separate blogs on the other proposals.

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United Kingdom: UK Crypto Regulation: Regulated Activities

By: Judith Rinearson and Kai Zhang

The UK is quickening the pace on the new crypto regulatory regime. The Financial Conduct Authority (FCA) published three papers in quick succession in May 2025: a discussion on key policy positions (DP25/1) and two consultations on detailed rules (CP25/14 and CP25/15). This blog focuses on DP25/1. Please see our upcoming separate blogs on the other proposals.

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United States: The Continuing Shift to Modern Money Transmission Laws

By: Judith Rinearson, Jeremy McLaughlin, Jennifer Crowder, and Joshua Durham

Within the past two months, three states have adopted the Money Transmission Modernization Act (MTMA). The governors of Virginia, Mississippi, and most recently Colorado, signed bills that implement the MTMA, and two other states are currently considering similar bills (Alaska and Nebraska).

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Alaska Will Require Licensing for Crypto Money Transmitters

By Jeremy M. McLaughlin and Brenden R. Chainey

On November 30, Alaska amended its money transmitter regulations to, among other things, include virtual currency transactions within the definition of money transmission.  With this new change (effective January 1, 2023), companies engaged in money transmission involving virtual currency will be required to obtain a money transmission license.

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Rhode Island & Nevada Enter the Cryptocurrency Fray

Jeremy McLaughlin and Dan S. Cohen

Effective January 1, 2020, Rhode Island will join the growing list of states that require entities to obtain a money transmitter license to provide certain services involving cryptocurrency (a.k.a. virtual currency).  The Rhode Island General Assembly recently amended the state’s money transmitter law to require licensing for “currency transmission,” which is defined to include “maintaining control of virtual currency or transactions in virtual currency on behalf of others.” Similar to other states, the revised statute defines “control” as “the power to execute unilaterally or prevent indefinitely a virtual currency transaction.”

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