ESMA Report – Crypto-Assets and Their Risks for Financial Stability
The European Securities and Markets Authority (ESMA) has just published a report on the perceived risks to financial stability posed by crypto.
From the report...
Fed Research Publishes Two Papers
The US Federal Reserve just published a pair of papers last week exploring two topics related to crypto: "The Financial Stability Implications of Digital...
EU Passes MiCA
The European Council passes Markets in Crypto-Assets (MiCA), EU’s comprehensive crypto regulation. The landmark regulation passed in the European Council on Wednesday morning and...
New UK Crypto Rules for Sanctions
UK Treasury’s Office of Financial Sanctions Implementation updated its sanctions guidance on 30 August to explicitly include “cryptoassets” among those that must be frozen...
OECD Publishes Crypto-Asset Reporting Framework
The Organization for Economic Cooperation and Development (OECD) just published a Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard document. It is...
Hong Kong About to Start Trials of its Central Bank Digital...
The Hong Kong Monetary Authority (HKMA) stated on Tuesday that it plans to start trials of its central bank digital currency (CBDC) in the...
FSB Publishes International Regulation of Crypto-Asset Activites
The Financial Stability Board (FSB) published "International Regulation of Crypto-asset Activities: A proposed framework – questions for consultation" - consultation on a framework for...
Treasury will warn White House that crypto needs major regulations
The US Treasury is expected to release four reports this months in which it will outline various economic risks from cryptocurrencies. It will create...
Executive Order on Ensuring Responsible Development of Digital Assets
On Wednesday, March 9, President Joe Biden issued an executive order, "Executive Order on Ensuring Responsible Development of Digital Assets." The Order represents the...
FinCEN Proposes Enhanced AML Rules for Non-Custodial Wallets
The Financial Crimes Enforcement Network (FinCEN) published a "notice proposed rule making" outlining the proposed rule that suggests that exchanges and other virtual asset...
U.S. Treasury Releases Three Reports on Digital Assets
On September 16th, the U.S. Treasury Department released three reports pursuant to President Biden’s Executive Order (EO) on digital assets: (1) The Future of...
SEC & CFTC Propose Amendments for Hedge Fund Crypto Reporting
US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly proposed an amendment to reporting requirements for hedge funds....
The Lummis-Gillibrand Act on Digital Assets Tabled
Democrat Senator Kristen Gillibrand and Republican Cynthia Lummis introduced the new Responsible Financial Innovation Act designed to act as a "regulatory framework for digital...
Bank of Canada: Bitcoin Only Use for “Illicit Transactions”
In a speech delivered on February 10th, Bank of Canada's Deputy Governor Timothy Lane addressed the concept of a central bank digital currency (CBDC)...
EU Close to Agreement on Crypto Regulation
The European Union is closing in on an agreement to regulate the cryptocurrency sector that would establish common rules across the 27 member countries...
