crypto regulation

crypto regulation, digital currencies, New York Fed

Digital currencies, including potential central bank digital currencies (CBDC), have generated a lot of interest over the past decade, since the emergence of bitcoin, write researchers from across the Federal…

OCC: US chartered banks and savings associations can provide custody services for crypto assets

July 23, 2020

crypto assets, crypto custody, crypto regulation, Office of the Comptroller of the Currency

The Office of the Comptroller of the Currency (OCC) published a letter clarifying national banks’ and federal savings associations’ authority to provide cryptocurrency custody services for customers. National and state…

FCA gives MTF license to derivatives venue Crypto Facilities

July 7, 2020

crypto derivatives, crypto exchanges, Crypto Facilities, crypto regulation, FCA, Kraken

Crypto Facilities, a subsidiary of Kraken, the largest cryptocurrency exchange in Europe by euro trading volumes, has become the first cryptocurrency company to obtain a Multilateral Trading Facility (MTF) license…

CFTC issues final guidance on actual delivery for digital assets

March 24, 2020

CFTC, crypto derivatives, crypto regulation

After reviewing the variety of comments received and further considering the retail customer concerns at issue, the Commodity Futures Trading Commission believes it has struck “a balance” in its final…

SEC’s Peirce suggests 3-year “safe harbor” regulation for crypto entrepreneurs

February 8, 2020

crypto regulation, Securities and Exchange Commission

It is important to write rules that well-intentioned people can follow. When we see people struggling to find a way both to comply with the law and accomplish their laudable…

Canada securities regulators publish guidance for crypto trading

January 20, 2020

crypto derivatives, crypto regulation, cryptoassets, CSA

The Canadian Securities Administrators published guidance to help crypto asset trading entities to determine situations where securities legislation may or may not apply. The relevant determination will depend on the…

ICMA publishes DLT regulatory directory and brief

December 18, 2019

crypto regulation, DLT, ICMA

There have been a growing number of use cases of Distributed ledger technology (DLT) in the international bond markets over the last three years. While the majority of transactions have…

New York Fed’s general counsel on US regulations and approaches to cryptocurrencies

December 13, 2019

crypto regulation, Federal Reserve of New York, Securities and Exchange Commission, US

Remarks by Michael Held, executive vice president and general counsel, at the BIS Central Bank Legal Experts’ Meeting, Basel, Switzerland, December 3 2019 Policy makers and regulators in the United…

CFTC chair says blockchain tech could overtake internet

November 20, 2019

bitcoin, blockchain, CFTC, crypto regulation

US Commodity Futures Trading Commission chair Heath Tarbert joined CNBC’s “The Exchange” for an interview on digital assets. Here are some of the highlighted quotes: Importance of US leadership in…

NYDFS licenses Fidelity’s digital arm for bitcoin execution and custody

November 20, 2019

bitcoin, crypto custody, crypto regulation, Fidelity Digital Assets, NY DFS

Superintendent of Financial Services Linda Lacewell announced that the New York State Department of Financial Services (DFS) has granted a charter under New York Banking Law to Fidelity Digital Asset…

Smart contracts and crypto assets get legal standing in UK

November 19, 2019

crypto assets, crypto regulation, smart contracts, UK

The UK Jurisdiction Taskforce of the Lawtech Delivery Panel has published a legal statement on the status of crypto assets and smart contracts under English and Welsh law. The landmark…

Institutional crypto weekly roundup

November 13, 2019

AFME, Bakkt, blockchain, crypto assets, crypto custody, crypto exchanges, crypto regulation, cryptocurrencies, Cyberian, DLT, FSB, GLI, J.P. Morgan, Japan, LSEG, MAS, MUFG, Progmat, Project Ubin, security tokens, stabecoins, Temasek

Our weekly list of announcements about how capital markets participants and regulators are engaging with digital assets. MAS, J.P. Morgan, Temasek develop blockchain-based prototype for multi-currency payments The Monetary Authority…

Institutional crypto weekly roundup

October 30, 2019

Bakkt, bitcoin futures, blockchain, Canada, CBDC, China, crypto regulation, IBM, ICO, OMFIF, Ontario Securities Commission, retail, Thailand, TokenGX

Our weekly list of announcements about how capital markets participants and regulators are engaging with digital assets. Credit Suisse, SocGen to use Paxos blockchain settlement for US equities Paxos Trust…

Institutional crypto weekly roundup

October 13, 2019

News and Notes – Fintech, Uncategorized

Bank of France, bitcoin, CBDC, CFTC, crypto assets, crypto regulation, ether, stablecoins

Our weekly list of announcements about how capital markets participants and regulators are engaging with digital assets. Bank of France’s Beau on the emergence of crypto assets in payments and…

Institutional crypto weekly roundup

October 8, 2019

bitcoin, blockchain, CBDC, clearing house, crypto regulation, cryptocurrencies, DLT, DTCC, Federal Reserve Bank of Philadelphia, GSR Capital, KeyTango, MPC, options, Securities and Exchange Commission, Trade Information Warehouse

Our weekly list of announcements about how capital markets participants and regulators are engaging with digital assets. The Block: crypto clearinghouse places trades without collecting collateral in decentralization push KeyTango,…

Institutional crypto weekly roundup

September 19, 2019

Bank for International Settlements, BIS, blockchain, BNY Mellon, CPMI, crypto derivatives, crypto regulation, digital asset servicing, stablecoins, VanEck

Our weekly list of announcements about how capital markets participants and regulators are engaging with digital assets. Reuters: Germany passes blockchain strategy to fight parallel currencies Germany has passed a…

US regulators did something about crypto research fraud: where are we now?

September 2, 2019

Blockchain, Technology

blockchain, crypto regulation, cryptocurrencies, fraud, ICORating, Securities and Exchange Commission, topstory

In a move that seems to have surprised nobody, the Securities and Exchange Commission fined an ICO research firm with misleading practices. Russia-based ICORating agreed to pay almost $270k to…

Capital markets blockchain weekly roundup

August 6, 2019

blockchain, crypto regulation, Securities and Exchange Commission, Singapore

Our weekly list of announcements about how capital markets and regulators are engaging with digital assets. SEC’s Peirce talks about “non-exclusive safe harbor” for tokens in Singapore The Singapore University…

Capital markets blockchain weekly roundup

August 1, 2019

AWS, blockchain, CBDC, crypto assets, crypto regulation, FCA, MAS, Project Ubin, settlement, SGX

Our weekly list of announcements about how capital markets and regulators are engaging with digital assets. Crypto fund Incrementum’s report compares Libra v XRP in global currency competition Corporations like…

Reuters: US proposes bigtech ban for financial services, digital currencies

July 15, 2019

bigtech, crypto regulation

A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial…

CFTC’s Giancarlo takes stock of blockchain and “exponential” tech

June 5, 2019

blockchain, CFTC, crypto regulation, cryptocurrencies, DLT, fintech, Giancarlo

Excerpts from remarks of CFTC chair Christopher Giancarlo at Commissione Nazionale per le Societa e la Borsa (CONSOB), Rome, Italy, June 3, 2019, “The New Futurism: 21st Century Financial Markets,…

Circle among companies and investors raising funds to counter SEC crypto enforcement

May 31, 2019

Circle, crypto regulation, Securities and Exchange Commission

Defend Crypto is an initiative created to collect donations to take the SEC to court should the agency pursue enforcement action, writes Circle in a recent newsletter. The founders of…

LEX: “Crypto Nation” Switzerland moves forward fast on DLT legislation

April 22, 2019

crypto regulation, DLT, Switzerland

Switzerland is moving forward fast as the government proposes DLT-uncertificated rights with securities nature, wrote authors Alexander Vogel and Reto Luthiger from Switzerland-based international law firm Meyerlustenberger Lachenal. Switzerland’s Federal…

How crypto markets are evolving for quants and market makers (Premium)

April 20, 2019

Blockchain, Technology

crypto derivatives, crypto exchanges, crypto regulation, cryptocurrencies, Eduard Silantyev, market makers, Thalesians

A recently published research paper, Order flow analysis of cryptocurrency markets, caught our attention. The paper’s author, Eduard Silantyev, examined trade and quote data of the XBT/USD perpetual derivatives contract on…

What was said about crypto, blockchain and trust at IMF’s spring meeting

April 16, 2019

Blockchain, Technology

Benoît Cœuré, blockchain, Central Banks, Circle, crypto regulation, cryptoassets, ECB, IMF, J.P. Morgan, Kenya

In the digital currency world, there’s a phrase: “In crypto we trust”. And while IMF chief Christine Lagarde raised an eyebrow at the statement during a panel at the IMF’s…

ICMA: where is my blockchain bond?

April 12, 2019

blockchain, crypto regulation, fintech regulation, ICMA

On its dedicated fintech site, ICMA provides a listing of new fintech applications in bond markets, most of which are based on distributed ledger technology. Over the last two years,…

Reuters: China says it wants to eliminate bitcoin mining

April 9, 2019

bitcoin, China, crypto regulation

China’s state planner wants to ban bitcoin mining, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on…

SEC releases framework to determine if digital asset is investment contract

April 8, 2019

crypto regulation, digital assets, Securities and Exchange Commission

In this guidance, US regulator the Securities and Exchange Commission provides a framework for analyzing whether a digital asset is an investment contract and whether offers and sales of a…

BT: Africa regulates blockchain and cryptocurrency

April 8, 2019

Africa, blockchain, crypto regulation

African governments are divided in their opinion on the use of blockchain and cryptocurrency. According to reports, Zimbabwe and Zambia started with a hard stance while Mauritius created a regulatory…

FSB publishes cryptoasset regulators directory

April 6, 2019

crypto regulation, cryptoassets, FSB

The Financial Stability Board (FSB) published a cryptoassets regulators directory. The purpose of the directory is to provide information on the relevant regulators and other authorities in FSB jurisdictions and…

Canada authorities consult on crypto regulation

March 17, 2019

Canada, crypto exchanges, crypto regulation, CSA, IIROC

The emergence of “digital assets” or “cryptoassets” continues to be a growing area of interest for regulators globally. Innovations like distributed ledger technology (DLT) and crypto assets are relatively new…

Basel Committee statement on cryptoassets a warning to banks

March 17, 2019

Basel Commitee, crypto regulation, cryptoassets

Through a newsletter, the Basel Committee set out its prudential expectations related to banks’ exposures to cryptoassets and related services, for those jurisdictions that do not prohibit such exposures and…

Germany’s finance ministry floats crypto regulation

March 11, 2019

crypto regulation, digital securities, Germany

Germany’s Ministry of Finance published a key issues paper together with the Federal Ministry of Justice and Consumer Protection discussing the introduction of electronic securities and the regulation of public…

BankingTech: Russia wants digital rights bill by July 2019, boosts crypto

March 7, 2019

crypto regulation, digital assets, Russia, smart contracts

Russia is moving towards cryptocurrency legislation as the nation has created a bill on digital rights for the development of the digital economy. The State Duma (Russia’s lower legislative house)…

Mauritius launches world’s first crypto custody regulation, positions as African fintech hub

February 11, 2019

crypto custody, crypto regulation, digital assets, Mauritius

Following the recognition of digital assets as an asset class for investment in September 2018, Mauritius’ financial markets regulator, the Financial Services Commission, issued, in November 2018, a consultation paper…

Malaysia to regulate digital assets by Q1 end

January 16, 2019

crypto regulation, digital assets, ICOs, Malaysia

Following the statement by the Minister of Finance YB Tuan Lim Guan Eng on the coming into force of the Capital Markets and Services (Prescription of Securities) (Digital Currency and…

MC: crypto congressman may be chief of staff, but US falling behind in regs

January 6, 2019

crypto regulation, Modern Consensus