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McDermott Obtains Landmark “No-Action” Relief for Two Ocean Trust Concerning Digital Asset Custody
CHICAGO – International law firm McDermott Will & Emery assisted Two Ocean Trust in obtaining landmark “no-action” relief from the Wyoming...
Big Traditional Banks FOMO on Digital Assets Is Picking Up Steam
The digital asset/cryptocurrency "explosion" has traditional global financial institutions (a/k/a banks) desperately rushing to play catch up to many fast growing recent startups...
Watch Out Bankers, Those Cute Little “Newbies” Are Eyeing You
Maybe banks around the country have been looking at the front windshield while ignoring what is speeding up in the rear view mirror. Banks have been evaluating how to adapt to the new financial regulatory structure that include cryptocurrencies, blockchain, trust services, etc, and bring themselves into the digital "new world."
The Office of Comptroller of Currency Clarifies Guidelines for Cryptocurrencies
The Office of Comptroller of the Currency (OCC) recently published a letter clarifying the guidelines for national banks and federal savings associations...