Eversheds Sutherland Cybersecurity and Privacy Insights Blog
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A week of “firsts” in cryptocurrency prosecution

On September 11, 2018, a number of “firsts” occurred in the prosecution of cryptocurrency-related activities at the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and federal district court that will likely become the norm going forward. The SEC announced its first enforcement action for an investment company registration violation...

Protecting your assets Block and tackle—unclaimed property and cryptocurrency

As promoters of cryptocurrencies and digital-asset exchanges face intense scrutiny from tax, securities and other financial services regulators, they will soon have to contend with unclaimed property (or escheat) laws in the United States. This article explores how these laws could apply to cryptocurrency exchanges, hosted wallets, and other market participants, such as banks,...

Bitcoin: Friend or Foe?

Satoshi Nakamoto is synonymous with two things: 1) inventing an unhackable currency subject to no government or banking system, and 2) being a nom de plume for an anonymous idealistic programmers out to change the world. What started as an interesting experiment changed in 2010 when Laszlo Hanyecz made the first ever documented bitcoin purchase and, by doing so, proved that the...