An introduction to virtual currency money transmission regulation
The proliferation of virtual currencies, and activities relating to this new asset class, including how businesses are looking to incorporate blockchain payments to quickly and seamlessly effectuate remittances to locations around the world, raises significant compliance issues with respect to money transmission laws and regulations. This treatise chapter examines when businesses in the virtual currency arena may be obligated to comply with both U.S. federal and state money transmission laws and regulations
On the federal level, the Financial Crimes Enforcement Network (“FinCEN”), a division of the U.S. Department of the Treasury, exercizes regulatory authority pursuant to the Currency and Financial Transactions Reporting Act of 1970, as amended by Title III of the USA PATRIOT Act of…
Grogan Joins Blank Rome Finance, Restructuring & Bankruptcy Team
James T. Grogan joined Blank Rome as a partner in the Finance, Restructuring and Bankruptcy group in the firm’s Houston office
Grogan focuses his practice on Chapter 11 bankruptcy cases, representing a client base of debtors, lenders and committees of unsecured creditors across a wide range of industries. He joins Blank Rome from Paul Hastings, where he was a member of the Corporate Department and the Finance and Restructuring practice
“James is an accomplished attorney with tremendous experience in counseling his clients on their most complex finance and restructuring matters,” said Alan J. Hoffman, Blank Rome’s chairman and managing partner. “From his experience representing some of the largest Chapter 11 debtors in history, to his broad…
Blank Rome Debuts C-Suite Role for Innovation, Client Value
Linda Novosel the firm's newly appointed chief innovation and value officer says the legal industry has been the last to innovate.
Leave Your Wallets at Home! Legal Trends Surrounding the Emergence and Regulations of...
Blank Rome Partner Mayling C. Blanco will participate in a panel discussion at the 2018 Hispanic National Bar Association (“HNBA”) Annual Convention being held September 5 through 8, 2018, at the Philadelphia Marriott Downtown Hotel.
Mayling’s panel, “Leave Your Wallets at Home! Legal Trends Surrounding the Emergence and Regulations of Cryptocurrencies, Initial Coin Offerings (“ICOs”) & Distributed Ledger Technologies (“DLTs”),” will take place on Thursday, September 6, from 3:45 to 5:00 p.m.
How to Invest during a Trade War
There may be little investors can do to mitigate the effects of trade wars between the U.S. and Canada, the EU and China except to exercise caution and wait it out, experts say.
Exercise caution with multinational corporations. Perhaps the most directly impacted securities will be the companies that both import and export to trade war countries, Lee says. That means tariffs on both sides of the transaction, as is the case with Boeing Co. (BA) and Apple (APPL), which imports and exports to China.
Rising Star: Blank Rome's Omid Safa
Blank Rome LLP partner Omid Safa helped a policyholder client win a sprawling, yearslong fight for asbestos coverage, and has also won a major bad-faith trial to get coverage for underlying claims against a health system, making him one of five insurance attorneys under 40 recognized by Law360 as Rising Stars.