Clearing regulatory hurdles is important for forward-leaning jurisdictions that aim to attract the most innovative firms. This July, Luxembourg — the world’s second-largest domicile for investment funds behind the United States — submitted a draft law updating a law from March 1, 2019 that allowed for the registration and transfer of securities by custodians. With […]
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Bitcoin still has ground to make up in the mainstream world. Following the news of Fidelity Investments’ Bitcoin (BTC) fund filing, Mike Alfred, CEO of analytics outfit Digital Assets Data, described continued hesitancy in mainstream finance when it comes to Bitcoin. “Many in the traditional financial services/asset management/wealth management verticals remain deeply skeptical of Bitcoin […]
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Taking account of more aggressive crypto tracking measures and what they mean for future government adoption of blockchain. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note One of the most persistent myths about Bitcoin is its supposed anonymity. More properly termed pseudonymity, […]
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The Office of the Comptroller’s move to license payments firms at the federal level is receiving push-back from state regulators. Brian Brooks, Coinbase’s former chief legal officer and the current U.S. Comptroller of the Currency, is pushing to consolidate licensing regulations for payment companies at the federal level in the United States. Federal licensing for […]
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Square is launching a consortium to pool patents and democratize access to innovative blockchain technologies Square, the U.S.-based financial services company headed by Twitter’s Jack Dorsey, is establishing a consortium to fight patent trolling and ensure open access to technology in the crypto sector. The ‘Cryptocurrency Open Patent Alliance’ (COPA) seeks to democratize access to […]
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Is Mastercard trying to show some central banks the folly of their ways? Mastercard announced on Wednesday the release of a proprietary tool targeted to central banks that wish to test their Central Bank Digital Currency, or CBDC. Over 70% of central banks are entertaining the idea of a digital currency in some form, a […]
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The warning is not just because of the coronavirus pandemic. The government of South Korea has issued warnings to the public to avoid real life crypto meetups due to the “high risk” of catching coronavirus in the midst of a second outbreak in the country. Segye Ilbo reports the authorities not only warned about COVID-19-related […]
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Indian IT tech giant Tech Mahindra will build blockchain supply chain solutions for aviation, healthcare and telecom sectors. The Indian IT giant Tech Mahindra is planning to build and deploy an array of blockchain solutions on Amazon Managed Blockchain in the next 12 to 18 months. According to a report by The Economic Times on […]
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Russia’s new bill brings it in line with U.K. legislators, though there is a distinction between the approach of the FCA and the State Duma. Not unlike many other jurisdictions around the world, Russia has come to recognize the potential benefits and risks flowing from cryptocurrencies by taking its first step to define and codify […]
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Is blockchain the solution in making payments more transparent and secure? With online payments company Wirecard undergoing insolvency proceedings this month, mainstream financial services like VISA, PayPal, and Mastercard are rushing to fill the digital payments void, and be one of the first to offer crypto payment cards, stated experts in the crypto industry. During […]
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