Doing Business in Florida Blog
Search Results : Cryptocurrency
Cyptocurrency, ATM’s, and You
August 9, 2021
Colin M. Roopnarine
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Cryptocurrency, Government and Regulatory
Prior to 2018, the State of Florida Office of Financial Regulation, and partially in response to the rise in popularity of crypto currencies and curiously enough, ATM’s to transact business, often required the crypto currency business to obtain a Money Transmitter License.
CFTC Treatment of Cryptocurrencies as Commodities Confirmed by a Federal Court
March 15, 2018
James Sattin
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Banking and Financial Services Litigation, Cryptocurrency
In its ruling of March 6, 2018 in Commodity Futures Trading Commission v. Patrick K. McDonnell, and Cabbagetech, Corp. d/b/a Coin Drop Markets, the U.S. District Court for the Eastern District of New York confirmed in a settlement order the position taken by the Commodity Futures Trading Commission (the “CFTC”) that (1) “[v]irtual currencies can