An issue for Crypto in Europe. Anti Money Laundering and terrorist financing legislation was highlighted as an issue back in 2020 (). Regulated for under European AML/ CFT rules that was meant to bring crypto under its remit. The move…
The EU has moved a step closer to regulating crypto assets, following a EU Parliamentary committee vote this week, with 31-4 in favor of a new draft of the Markets in Crypto Assets (MiCA) framework, with 23 abstentions. The committee removed a provision…
The G20 came together last weekend and one subject seems to have united them, crypto assets and accepting the recent findings from the FSB report on Assessing the risk to financial stability of crypto assets. With acceptance that current gaps…
This report is an important read. The Financial Stability Board (FSB) published this week its assessment of the risks of crypto assets on financial stability. The FSB is a globally influential body, aiding in the setting of global regulatory standards.…
This is a very informative read on the recent $100Million SEC fine of BlockFi. Highlighting the challenges ahead for the DeFi market place as the SEC move ahead with regulation of the Crypto sector. Will this have an impact on…
Whether it is a tangible or intangible asset the identification of provenance is important. The Cent NFT exchange looks to have halted most transactions citing ‘rampant fakes and plagiarism’ as a fundamental problem. In a market estimated at $25Billion in…
Russia has decided not to ban crypto currencies outright but to adopt a regulatory approach to oversight. Following what appears to be a similar approach to that by the US. As there is a move to regulate crypto exchanges and…
The US DoJ has seized $5billion in crypto. The real interesting point is that the coin was stolen in 2017 at a value of $17million and has appreciated significant (like any investment) over the past 4 years. Assistant Attorney General…
A regulatory foot in the water for the SEC, ATS regulations and block chain based trading platforms? #cryptocurrency‚Â #cryptoregulation‚Â #cryptoassets‚Â #crypto‚Â #nft‚Â #cyberlaw‚Â #regulations‚Â #cryptoregulation #cybersecurity‚Â #cyberriskmanagement‚Â #compliance‚Â #regulatorycompliance‚Â #regulatoryoversight‚Â #regulation‚Â #cbdc‚Â #aml‚Â #kyc View Original Post
A thin regulatory tightrope that is getting thinner. The costs of developing a compliance regime to satisfy market regulators is not small. If the SEC for example adopts an approved persons regime for crypto exchanges the whole board dynamic will…
