Cryptoassets

UK Statement on Legal Status of Cryptoassets and Smart Contracts

A UK Government-backed, industry-led initiative has published an expert legal statement recognising cryptoassets as property and smart contracts as enforceable agreements under English law. The statement is published by the

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Cryptoassets, Smart Contracts, UK

Hong Kong Securities and Futures Commission Announces New Framework for Regulating Virtual Asset Trading Platforms

The Securities and Futures Commission (“SFC“) has taken another major step towards establishing a regulatory framework for virtual asset trading platforms, and is now inviting licensing applications from platform operators

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Cryptoassets, Hong Kong, Securities and Futures Commission, Uncategorized

IOSCO Publishes Consultation on how Crypto Trading Platforms are Regulated

IOSCO (the International Organization of Securities Commissions)  has recently published a consultation focusing on how platforms which trade crypto-assets are regulated. The global standards setting body considers that promoting innovation

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Cryptoassets, IOSCO

SEC and FINRA Issue Joint Statement on Broker-Dealer Custody of Digital Asset Securities

On July 8, 2019, the staffs of the U.S. Securities and Exchange Commission’s Division of Trading and Markets and the Financial Industry Regulatory Authority (“FINRA”)  issued a joint statement articulating

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Cryptoassets, FINRA, SEC, SIPA, US

UK Jurisdiction Taskforce Launches Consultation on Cryptoassets, Distributed Ledger Technologies and Smart Contracts

The UK Jurisdiction Taskforce (“UKJT“) recently published a consultation paper on the status of cryptoassets, DLT, and smart contracts under

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Cryptoassets, Cryptocurrency, Distributed Ledger Technology, Smart Contracts, UK

Switzerland’s Third Largest Bank Plans to Introduce Crypto-Related Services

The trend of established banks partnering with technology companies to offer digital asset-related services continues in Switzerland.  Around the end

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Banking, Cryptoassets, Regulation, Switzerland

FCA Finally Speaks on Crypto: UK Regulator Clarifies Regulatory Perimeter for Cryptoassets

The UK’s Financial Conduct Authority has published draft guidance for market players in the developing cryptoassets sector (see CP19/3). This

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Cryptoassets, Exchange Token, FCA, Security Token, UK, Utility Token

Cryptoassets: Europe Moves Towards Regulation

On 9 January 2019, the European Securities and Markets Authority (ESMA) published advice on ICOs and cryptoassets to the European

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Cryptoassets, EBA, ESMA, EU, UK

HMRC Publishes Guidance on the Taxation of Cryptoassets for Individuals

This week HM Revenue & Customs (“HMRC”), the UK’s tax authority, set out its view on how individuals should be

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Bitcoin, Cryptoassets, Cryptocurrency, Tax, UK

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