August 6, 2017 – FinTech and Blockchain Law Watch

Bitcoin thieves abound, but Law Enforcement is getting smart and stepping up

Aug 06 2017

According to a federal criminal complaint filed last month in Philadelphia, Theodore Price admitted that he had written software capable of stealing millions of dollars in bitcoins from individual bitcoin wallets. He allegedly admitted to purchasing the software on a dark net market and recoding it to infiltrate e-mail accounts with bitcoin wallets. Price also allegedly admitted that he had a fake passport in the name of the actor Jeremy Renner, and that Price had prepared to flee the U.S. on a private jet to evade arrest. Price is now in federal custody, charged with access device fraud and identity theft.

Hot Topic Briefing: Passport To The Regulators

Aug 06 2017

By Jonathan Lawrence

On 3 October, our London office will host an all-day event Hot Topic Briefing: Passport To The Regulators. The event has been put together by The Emerging Payments Association (EPA), a commercial membership association of payments industry players. It will consist of keynote presentations from and Q&As with the following six European Union regulators:

Cyprus
Denmark
Lithuania
Luxembourg
Malta
Spain

This event is a follow up to the EPA’s Passport To The Future report (launched in January 2017) that examined similar issues. It will give a platform to host regulators of potential home states for regulated entities, should full passporting from the UK no longer be possible. The regulators will present the process, options, costs and timelines for obtaining licences within their jurisdiction. The day is designed for the UK FinTech community and is an opportunity to hear from these regulators directly.

Archive:August 6, 2017