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19 Apr 2024, 9:27 am
April 19, 2024 Clients, Friends, and Associates: As we end the first quarter and enter the spring season, we would like to highlight some of the recent industry updates and occurrences we found to be both interesting and impactful. [read post]
18 Apr 2024, 11:39 am
Crucially, we have always used that framing to describe Republicans' actions in the context of negotiations, that is, asking whether it is wise to negotiate with terrorists, and in any case what any such negotiations might involve.Thus, Professor Dorf wrote this on February 6 of last year:Raising the debt ceiling is necessary to avoid tanking the global economy and perhaps permanently undercutting the role of the dollar as the world's reserve currency. [read post]
18 Apr 2024, 6:26 am
Because the law is rapidly evolving and rapidly evolving rules make it highly likely that subsequent developments could impact the currency and completeness of this discussion. [read post]
16 Apr 2024, 7:58 pm
Currency trading would stop; stock exchanges would close. [read post]
16 Apr 2024, 8:03 am
CBP officers seized the currency. [read post]
16 Apr 2024, 5:00 am
Currency Conversion: When assets are in different currencies, they may need to be converted to a common currency for division. [read post]
16 Apr 2024, 1:53 am
Ms Breeden also confirms that the BoE will publish a Discussion Paper on these areas in Summer 2024 to draw on input and collaboration from the private sector, as a complement to the work the BoE has been doing on stablecoin regulation and retail central bank digital currency (CBDC). [read post]
15 Apr 2024, 10:00 pm
Central Bank Digital Currencies and Federal Reserve Board Preconditions for CBDC Use in the U.S. [read post]
15 Apr 2024, 10:00 pm
In support of the law, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has proposed regulations that impose additional reporting and recordkeeping requirements on domestic financial institutions and domestic financial agencies that relate to transactions involving convertible virtual currency mixing occurring within or involving a jurisdiction outside the United States. [read post]
15 Apr 2024, 9:01 pm
” The term “novel charters” appears to mean depository institutions with novel business models, such as providing banking services to lawful but politically controversial businesses like crypto-asset companies1 or attempting to provide retail depositors with the economic equivalent of demand deposit claims directly against a Federal Reserve Bank.2 Just as a 10% tax imposed on paper currency issued by state-chartered banks in the 19th century made them less… [read post]
15 Apr 2024, 9:00 am
This includes automated digital currency trading platforms that facilitate the buying, selling, or exchanging of cryptocurrencies on behalf of customers. [read post]
14 Apr 2024, 12:23 pm
“Enough of people mutilating and tampering with our currencies. [read post]
12 Apr 2024, 2:05 pm
CBP canine Cato alerted to the currency. [read post]
11 Apr 2024, 12:11 pm
(LAPD) Police say they recovered a large but undisclosed amount of currency from the vehicle, which had been reported stolen earlier that day in an armed carjacking in Hollenbeck. [read post]
11 Apr 2024, 11:02 am
Gaming assets: Virtual items, currency, and accounts associated with online gaming platforms may also be subject to division in divorce. [read post]
10 Apr 2024, 9:01 pm
., James William Gilbart, The History of Banking in America pp. 78-81 (1837) (arguing that unlimited liability for bank shareholders and executives was the norm for banks in England because they were organized as general partnerships and that this made them safer than U.S. banks which were organized as chartered banking corporations with limited liability); Ernest Sykes, Banking and Currency pp. 96-97 (1905) (same with respect to English banks). 4 An Act to Incorporate… [read post]
9 Apr 2024, 9:05 pm
Consider cryptocurrencies, a commonly known FinTech innovation referring to currencies whose ownership and transfer are electronically recorded by blockchain cryptography. [read post]
9 Apr 2024, 9:01 pm
The MPPAA states that “[a]ny dispute between an employer and the plan sponsor of a multiemployer plan concerning a determination made under sections 1381 through 1399 of this title shall be resolved through arbitration,”[12] but § 502(b) of the Bankruptcy Code states that when an objection is filed to a proof of claim, the “court … shall determine the amount of such claim in lawful currency of the United States as of the date of the filing of the… [read post]
9 Apr 2024, 1:21 pm
When filing the report, a covered entity or its authorized third party must provide the following information: A description of the ransomware attack A description of the vulnerabilities exploited and security defenses in place Information related to the identity of the perpetrator The details of the ransom payment: Date of payment Manner of payment requested (type of virtual currency or other commodity) Payment instructions Payment amount The verbatim text or screenshot of the actual… [read post]
9 Apr 2024, 6:21 am
Consumers are able to store and transfer valuable assets, such as in-game currencies and virtual items through digital platforms. [read post]
