Join us on Wednesday, February 28 at 12:00 Central for an exciting webinar covering the “Introduction to Cryptocurrencies, Blockchain, and Smart Contracts”. Our expert speakers will discuss these complex, multifaceted systems – what they are and how they are used. Register here! While digital currencies are gathering international attention, Michael Best's Blockchain, Digital Currencies & Smart … Continue reading Join Our Webinar!
In mid-December, 2017, when the SEC Chair, Jay Clayton, warned that the SEC would be specifically scrutinizing cryptocurrencies and initial coin offerings (ICOs) under applicable securities laws that apply to the offer and sale of securities, Chair Clayton was simply restating the long-established case law and practice used by the SEC and other state and … Continue reading Whether You Are Raising Capital for Bitcoins or Beavers, Securities Laws Will Apply
As a commodity with wide price fluctuations, bitcoin-based derivatives were perhaps inevitable – offering investors opportunities to hedge against or capitalize on the digital currency’s price volatility. And in fact, bitcoin derivatives are starting to take off. CME, the world’s largest futures exchange, announced that it will launch a bitcoin futures product, to go live … Continue reading LedgerX and CME Launch First Bitcoin Futures Products
On October 17, 2017, the Commodity Futures Trading Commission (CFTC) published a “Primer on Virtual Currencies,” the first in a series of primers on fintech innovation, via its “LabCFTC” initiative. LabCFTC is a self-proclaimed platform by which the CFTC will proactively engage with fintech innovators, in order to “better understand how new innovations interact with … Continue reading CFTC publishes Virtual Currencies Primer