Columbia Law School
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Pia Naib
Latham & Watkins Discusses Ruling that Bitcoins Are “Funds” Under Money Transmitting Laws
On September 19, 2016, U.S. District Judge Alison J. Nathan of the Southern District of New York denied defendant Anthony R. Murgio’s motion to dismiss charges brought against him for, among other things, operating a Bitcoin exchange in violation of …
Latham & Watkins analyzes Court Ruling on Bitcoin Sales and Crime
In State of Florida v. Espinoza, a trial court in Miami recently dismissed all charges against an individual Bitcoin exchanger, who was arrested in a sting operation after agreeing to sell bitcoins to an undercover detective who purported to …
Latham explains Proposed Rules on Dodd-Frank Incentive Compensation Requirements for Financial Institutions
On April 21, 2016, the National Credit Union Administration (the NCUA) issued a proposed rule regarding incentive-based compensation paid by certain financial institutions (the Proposed Rule) to implement Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act …
Latham & Watkins discusses Volcker Rule Conformance Deadline Extension for Certain Funds
[On December 18, 2014] The Federal Reserve [] extended the Volcker Rule conformance period for legacy covered funds from July 21, 2015 to July 21, 2016, and also granted a further one year extension until July 21, 2017.
At 3 …
Latham & Watkins discusses New York’s Proposed Virtual Currencies Regulations
On July 23, 2014, the New York State Department of Financial Services (NYSDFS), the governmental agency that regulates the financial services and insurance industries in New York, released proposed regulations governing the use of virtual currencies in New York State …