Category Archives: Digital Currency

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Federal and State Authorities Take First Steps Toward Regulating Blockchain, Mobile Banking and Digital Financial Services

Last week, federal and state lawmakers took significant steps toward specific regulations targeting digital financial technology, mobile banking and cybersecurity, signaling the possibility of wholesale changes to the legal landscape. The federal and state legislative proposals follow significant vertical market development and industry investment in financial technology, including an industry-wide consortium of banks’ investment in … Continue Reading

North Carolina Clarifies Digital Currency Amidst Growing Interest in Blockchain Technology

Earlier this month, North Carolina’s governor signed into law an updated Money Transmitters Act (MTA), which seeks to clarify the rules for digital currency. The updated MTA defines what North Carolina considers “monetary value” in the age of emerging technologies in the financial sector. The MTA now defines monetary value as “a medium of exchange, … Continue Reading