EU virtual currency anti laundering 1024x512
July 26th 2016
European Union to Add Virtual Currency to Strict Anti-Money Laundering Directive
The AML Proposal, which would add virtual currency exchanges and custodial wallet providers to the existing AML framework, to “ensure increased transparency of financial transactions and of corporate entities,” requires exchanges and wallet providers to collect and monitor personal customer information as well as report suspicious transactions.
ethereum hard fork litigation
July 20th 2016
Litigation Resulting from Ethereum Hard Fork Unlikely
Today the Ethereum community reached a consensus and implemented a successful “hard fork” of the Ethereum blockchain, which provides for the return of funds that were previously lost as a result of the exploitation of the DAO. There will unlikely be any legal consequences resulting from the implementation of this hard fork.
bipartisan bill virtual currency
July 19th 2016
House Introduces Bipartisan Bill to Foster Virtual Currency & Blockchain Development
A bipartisan virtual currency resolution, House Resolution 835 (H.R. 835), was introduced by Rep. Adam Kinzinger and co-sponsored by Rep. Tony Cardenas on July 14, 2016. It represents one of the first federal legislative attempts in the U.S. to regulate this area of newly developing technology.
etherindex ETF prospectus
July 20th 2016
Etherindex LLC Files SEC Prospectus for First Ether-Based ETF
EtherIndex LLC filed a Registration Statement and Prospectus with the SEC to offer an exchange traded fund based solely on the price of Ether. Actions like this continue to cement Ether’s standing in the Virtual Currency Community.
virtual currency legislation
July 13th 2016
Virtual Currency Legislation on the Horizon
The US government has provided guidance on the treatment of virtual currencies, which has resulted in controversy. However, new legislation is on the horizon which will have a positive effect on Ether and Bitcoin prices.

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