archiveDigital journeys

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...

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...