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Fintech Market Overview

This article does not constitute legal advice.

Cryptocurrencies in the USA

A majority of states have either enacted or proposed formal legislation related to digital assets or the underlying blockchain technology.1

With certain states adopting extensive legislative frameworks designed to attract blockchain and crypto entrepreneurs to their jurisdictions.1

At the core of all regulation on digital assets is the cumbersome effort to fit digital assets into existing legal frameworks for more traditional assets like securities, commodities and currencies.1

The OCC issued a series of interpretive letters that clarified the authority of national banks and federal savings associations to provide a variety of digital asset products and services.1

The state of Wyoming granted charters to two new banks that will focus exclusively on providing cryptocurrency products and services.1

Notes
  1. https://thelawreviews.co.uk/title/the-financial-technology-law-review/usa