EU crypto regulation ushers in stablecoin regime
Strict new rules related to stablecoins came into effect in the EU this week with the implementation of the first...
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UK could have second-mover advantage in crypto asset regulation, say legal experts
The UK is behind the EU in finalising its regulatory regime, but this could be an advantage UK will expand...
Much anticipated, the US SEC approves bitcoin ETFs
The US SEC’s bitcoin ETF approval is considered a watershed move Eleven funds, from Blackrock and Fidelity, among others, will...
Stefan Berger: MiCA – the crypto pioneer law from the EU
Disgraced cryptocurrency entrepreneur Sam Bankman-Fried was convicted in his fraud trial at the beginning of November. A jury in New York found him guilty on seven counts. The sentencing will not be decided until March next year, but he could face a sentence of more than 100 years in prison.After graduating from university, Mr Bankman-Fried worked as a cryptocurrency trader at the brokerage firm Jane Street. He made a fortune by betting on bitcoin price differences on exchanges in the US and Asia. In 2017, he set up his own brokerage...
Open banking and payments figure in UK Autumn Statement
The UK government’s Autumn Statement confirms its commitment to promoting open banking and payments reform The statement also approves of...
The wide-ranging rules of the new EU crypto regulation
On April 20, 2023, the European Parliament adopted the long-awaited Markets in Crypto-assets Regulation (MiCA), legislation that will provide the basis for the creation of a harmonised and comprehensive European regulatory framework for crypto assets. Alongside MiCA, the legislators approved the recast Transfer of Funds Regulation, which implements into European law a controversial ‘travel rule’ developed by the Financial Action Task Force (FATF). Both pieces of legislation are yet to formally become law, which is expected to take place in June 2023 and will trigger the 18-month run-up period to their...