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      MoFo's Financial Markets & Innovation #34

      On October 5, the Financial Crimes Enforcement Network (FinCEN) announced the withdrawal of two proposed rules that would have imposed requirements on financial institutions relating to convertible virtual currencies. The first proposal would have required recordkeeping, verification, and reporting obligations on certain transactions involving convertible virtual currencies and unhosted wallets, while the second would have imposed a special measure designating convertible virtual currency mixing...
      By: Morrison & Foerster LLP

      Source: JD Supra
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud