Steptoe’s Jack Hayes, Brian Egan, Ed Krauland, Jason Weinstein, and Alan Cohn co-authored an article for The Banking Law Journal titled “Implications for Virtual Currency Exchangers of Significant FinCEN Action Against BTC-e.” The article discusses a civil monetary penalty assessed by the Financial Crimes Enforcement Network against Canton Business Corporation (BTC-e), one of the world’s largest virtual currency exchanges, as well as a penalty against a Russian national who allegedly controlled, directed, and supervised BTC-e’s operations, finances, and accounts, and the implications of these actions.