Kim Desmarais

Feb 21, 2023 | jdsupra.com | Nathan S. Brownback |Kim Desmarais |Antonio F. Dias |António Gomes Dias

New York Department of Financial Services Issues Guidance for Virtual Currency CustodiansOn January 23, 2023, the New York Department of Financial Services ("NYDFS") issued guidance to certain New York-regulated virtual currency entities on proper disclosure and custody practices.

Feb 21, 2023 | lexology.com | Mark Rasmussen |Abradat Kamalpour |Kim Desmarais |Dan Moss |Antonio F. Dias

In ShortThe Situation: Following a string of bankruptcies among virtual currency firms, the New York Department of Financial Services has issued guidance on the practices and procedures it expects from certain state-regulated entities providing virtual currency custodial services.

Feb 6, 2023 | sfnet.com | Kim Desmarais

In this article, the author revisits cryptocurrency-based lending and how the 2022 UCC amendments provide welcome clarity to lending transactions involving digital assets. Much has changed in the world of digital assets since bitcoin’s debut in 2008. Blockchain and cryptocurrencies are no longer obscure technologies relegated to the outskirts of our financial systems; many industry participants and customers have come to view cryptocurrencies as mainstream financial assets.

Jan 23, 2023 | lexology.com | Kim Desmarais

Click here to listen to the audio. Jones Day partner Kim Desmarais discusses the Uniform Law Commission’s and American Law Institute’s proposed amendments to the Uniform Commercial Code (UCC), and their potential impact on commercial transactions involving digital assets and other emerging technologies.