Last week, FinCEN issued two administrative rulings clarifying that certain Bitcoin participants do not constitute money service businesses (MSBs) under the BSA. The rulings furthered the guidance issued by FinCEN last March, which excluded from the definition of MSB users that obtain convertible virtual currency and use such convertible virtual currency to purchase real or virtual goods or services. In the Guidance, FinCEN established Users are not MSBs because they are not engaged in money transmission services.
KMBZ’s Entrepreneur KC Radio recently featured the Kennyhertz Perry’s emphasis on serving entrepreneurs as they endeavor to establish and grow their businesses. As an attorney who serves the start-up community, Partner John Kennyhertz discussed a range of issues relevant to new companies including challenges faced with establishing capital, deciding how and where to form a
Kennyhertz Perry partners John Kennyhertz and Braden Perry spoke as Bitcoin experts during a program hosted by Thinking Bigger Business Media’s Smart Companies Thinking Bigger Radio. Show host Kelly Scanlon featured Kennyhertz and Perry as guests on the show to speak about how Bitcoin works, how it’s being used and the future of the up-and-coming digital
Kennyhertz Perry’s John Kennyhertz and Braden Perry were recently featured as guests on NBC affiliate KSHB 41 Action News for being among the first businesses in the metropolitan area to accept the cyber currency Bitcoin. Kennyhertz Perry commented not only on the business decision made to accept Bitcoin, but also the traction the new currency
Braden Perry has been selected to serve as an expert on councils within the Gerson Lehrman Group – a global research firm that creates networks of leading experts to advise investment institutions as well as companies in various industries. Perry will serve on GLG’s Legal, Economic & Regulatory Affairs councils as well as the New
Braden Perry was quoted as an authority on Bitcoin in a Minyanville article. The article, titled “What Bitcoin Arbitrage Can Teach Us About the Crypto-Currency,” analyzed the Bitcoin market. In the article, Perry said he saw similarities between the early Forex trading market and Bitcoin markets. “Forex essentially started the same way, and it has become automated
The Kansas City Business Journal featured the ways in which Kennyhertz Perry has embraced Bitcoin – an up-and-coming digital form of currency. The article, titled “KC law firm bets on the future of Bitcoin,” explained that the firm accepts Bitcoin as client payment and also reported on the firm’s representation of a client in the
Kennyhertz Perry partners John Kennyhertz and Braden Perry, spoke as Bitcoin experts and it’s future in an Kansas City Business Journal article. “John Kennyhertz, a partner at the firm, said he first came across Bitcoin several years ago when he was working for a private equity firm in California as a possible investment opportunity. Fast
Kennyhertz Perry co-founder and partner discussed legal compliance for content marketing in Reputation Capital’s latest white paper “Content Marketing for Financial Services.” To download a copy of the white paper: http://offers.repcapitalmedia.com/content-marketing-financial-services/ About Braden Perry. A former federal enforcement attorney and veteran in regulatory compliance and white collar defense, Mr. Perry has expertise and consults with clients
Former CFTC Trial Attorney Braden Perry recently spoke with Law360 regarding the JPMorgan settlement with the CFTC, admitting that its traders “acted recklessly.” This admission demonstrates a significant shift from the no-admit, no-deny settlements to a more aggressive stance in pushing wrongdoers for accountability.
Former CFTC Trial Attorney Braden Perry recently spoke with Law360 regarding U.S. Commodity Futures Trading Commission Chairman Gary Gensler, who has been said to be planning his withdrawal from the position at the end of the year. “Chairman Gensler came in with a mission, put his aggressive style into play and marshaled the necessary resources,”
Kennyhertz Perry’s Braden Perry, a former federal enforcement attorney and Chief Compliance Officer of a global financial firm, was recently asked by the Credit Union Times to provide insight on Bitcoin regulation. The article in full is as follows: