A new program addresses innovative banking activities such as bank-fintech partnerships and digital assets while reinforcing guardrails around stablecoin activity.
By Arthur S. Long, Parag Patel, Pia Naib, Ja Hyeon Park, and Deric Behar
On August 8, 2023, the Board of Governors of the Federal Reserve System (FRB) issued guidance to
A bifurcated decision in a highly anticipated digital assets enforcement action may not provide the clarity that market participants want or need.
By Jack Barber, Jenny Cieplak, Benjamin Naftalis, John Sikora, Stephen P. Wink, Douglas K. Yatter, Luca Marquard, Adam Zuckerman, and Deric Behar
On July 13,
Consumers and businesses stand to benefit from rapid access to funds at any time when routed through participating financial institutions.
By Parag Patel, Barrie VanBrackle, Mik Bushinski, and Deric Behar
On July 20, 2023, the Federal Reserve announced the long-awaited launch of its real-time payment service, FedNow. The new service enables consumers
Regulator clarifies that existing FCA rules will continue to apply but will also reflect the evolving landscape of financial promotions on social media.
By Nicola Higgs, Stuart Davis, Fiona Maclean, Gabriel Lakeman, and Gary Whitehead
On 17 July 2023, the FCA published a guidance consultation (GC23/2) relating to financial
Latham’s payments specialists examine the proposed new EU payments package.
By Christian McDermott, Brett Carr, and Amy Smyth
The European Commission recently published its proposals for a new EU payments regime, which comprises the Payment Services Directive 3 (PSD3) and the Payment Services Regulation. During this one-hour webcast, we outline the purpose and
The viability of DAO structures draws attention after a judge declares that a decentralized autonomous organization is a “person” under the law.
By Nima H. Mohebbi, Yvette D. Valdez, Stephen P. Wink, Douglas K. Yatter, Peter Trombly*, Adam Zuckerman, and Deric Behar
On June 8, 2023, the US District
By Stephen Wink and Adam Zuckerman
Decentralization is the key innovation enabled by blockchain technology, and can have significant technological, economic, and legal implications for web3 companies and protocols. Decentralization remains hard to grasp and define despite its importance. In the web3 spirit of collaboration and open source, Latham has partnered with a16z Crypto to
The regulatory perimeter continues to expand as the Securities and Futures Commission introduces a comprehensive regime to regulate virtual asset service providers.
By Simon Hawkins and Adrian Fong
In December 2022, Hong Kong passed the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 (Amendment Bill), which will establish a new licensing regime and statutory framework
The CRPTO Act is intended to increase transparency and consumer protections, and reduce conflicts of interest, through heightened disclosures and penalties.
By Jenny Cieplak, Arthur S. Long, Yvette Valdez, Stephen P. Wink, and Deric Behar
On May 5, 2023, New York Attorney General (NYAG) Letitia James introduced a bill that, if
The rule requires that lenders collect and report extensive applicant data to the CFPB, intended to deter discrimination and promote economic growth.
By Parag Patel, Victor Razon, and Deric Behar
On March 30, 2023, the Consumer Financial Protection Bureau (CFPB) finalized a regulation implementing Section 1071 of the 2010 Dodd-Frank Act. The regulation