Below is a list of some of the significant legal and regulatory actions that occurred over the past week. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of publicly-reported news that may be of particular interest.

U.S. Developments

  • Arizona Bill Seeks to Recognize Validity of Smart Contracts and Blockchain Records
  • Virtual Currency Provisions Proposed under Vermont’s Money Transmitter Laws
  • SEC Seeking Comments to Proposed Listing of Bitcoin Investment Trust on NYSE Arca

International Developments

  • Philippines Adopt Virtual Currency Regulations
  • People’s Bank of China Issues Warning to Digital Currency Exchanges
  • Reserve Bank of India Warns Consumers Against Digital Currencies
  • New Questions Emerge on the Legality of Virtual Currency in the United Arab Emirates

For more information on the listed actions, visit our Virtual Currency Report blog. For a comprehensive list of developments please see our Virtual Currencies: International Actions and Regulations.

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Laurie Rosini

Laurie Rosini, an attorney in the Technology Transactions & Privacy practice, focuses her practice on electronic financial services, blockchain technology and digital currencies, and privacy and data security. Laurie has experience reviewing clients’ products and services to ensure sound privacy policies, data security…

Laurie Rosini, an attorney in the Technology Transactions & Privacy practice, focuses her practice on electronic financial services, blockchain technology and digital currencies, and privacy and data security. Laurie has experience reviewing clients’ products and services to ensure sound privacy policies, data security practices and transaction processing. Laurie also counsels clients regarding the regulatory compliance issues facing electronic financial services businesses and virtual currency firms.