GRVT’s Post

"Time for ICOs to Grow Up" is 7 years old today. The principles delineated at the end of the article remain timeless: "Incumbent and startup FinTech and RegTech firms can make an impact...by: (1) advocating for enlightened regulation and reasonable controls; (2) engaging in this new market as regulated entities, bringing expertise to combat fraud and money laundering; and (3) working to build fair, transparent, low-friction secondary markets.  Disruption should aim to displace aging technology and processes, or to create new processes and markets where none have previously existed, but bedrock principles such as fair dealing and investor protection must be intrinsic to all such efforts." After seven years of living with #blockchain, here is what I would add if writing this piece today: private markets remain inefficient, idiosyncratic, illiquid, manual, expensive, and opaque. These problems could be addressed with the stroke of pen (three ideas to start below), but cannot be addressed with any amount of code or technology. (1) Get rid of the 99 limit under 3(c)1 of the Investment Company Act. (2) Create a safe harbor for agency brokerage; making an offering is not making a recommendation. (3) Create a safe harbor for #disclosure for secondary trading of private securities. Solve liquidity and remove regulatory uncertainty, and the other problems will take care of themselves. https://lnkd.in/gHAj47w #blockchain #privatemarkets #ico #investorprotection #antifraud #fraud #privateplacements #investmentbanking

As the crypto industry continues to grow, the need for a robust regulatory framework becomes increasingly important. #M2 #M2Learn Uncover the legal landscape shaping the future of crypto: https://lnkd.in/dGRWa7SC

JPMorgan Research Warns of Europe's Crypto Regulation Impact on Tether (USDT): MiCA covers a wide range of aspects, including investor protection, market integrity, and stablecoin regulation. It introduces requirements for crypto ...

MiCA mandates the use of #LEIs for legal entities, especially for Crypto-Asset Service Providers (#CASPs) / Virtual Asset Service Provider (#VASPs). The FATF Travel Rule specifically mandates that VASPs must share information about the originators and beneficiaries of crypto transactions, ensuring traceability and accountability. The LEI is required in: - Article 18: Application for Authorisation - Article 62: Application for authorisation as a crypto-asset service provider - Article 109: Register of crypto-asset white papers, of issuers of asset-referenced tokens and e-money tokens, and of crypto-asset service providers https://lnkd.in/eEpC2fNg VerifyVASP ShihYun Kaung Ubisecure RapidLEI #mica #lei #legalentityidentifier #compliance #vasp #casp #fatf #aml #travelrule #crypto #payments #ubisecure #rapidlei #kyb #kyc #risk

𝐓𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐜𝐫𝐲𝐩𝐭𝐨 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧: 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐅𝐈𝐓 𝟐𝟏? Read more here: https://lnkd.in/gWsr6rVA #AshfordBenjamin #Crypto #Compliance #FinancialRegulation #DigitalAssets #BlockchainLaw #Technology

🚀 Dive into the latest interview with Mark Gofaizen, senior partner at Gofaizen & Sherle, where he explores the upcoming MiCA (Markets in Crypto-Assets) regulation and its impact on the crypto market 📊 The discussion covers the significant challenges and opportunities MiCA presents for SMEs, including the expected market consolidation and the rise of larger companies. Emphasizing the need for robust legal support, the interview reveals how businesses can navigate the new regulatory landscape by managing compliance, capital requirements, and hiring qualified personnel. Despite the stricter rules, there's a promising horizon for growth in the evolving crypto market. https://lnkd.in/giQYdHw5 #CryptoRegulation #MiCA #CryptoCompliance #SME

#Singapore leads with a robust #crypto framework, ensuring security and innovation thrive. From AML to tokenization, explore how regulation shapes its crypto landscape. 🔗👉 https://lnkd.in/eXAaRcsq #Fintech #Regulation #SFC #MAS

I often post about how law enforcement uses TRM Labs to track and trace illicit proceeds and build investigations - think the cool graphs. However, there are other use cases. Regulators use TRM for decisions related to licensing and ongoing supervision of #cryptocurrency businesses and financial institutions engaging with #crypto. In our latest guide, “Elevating Ongoing AML Supervision: How to leverage blockchain intelligence in processing VASP reporting and alerts,” we take a deep-dive into how regulators can use blockchain intelligence to gain a more comprehensive view of a VASP’s risk exposure and make data-driven decisions—specifically in the monitoring stage of the regulatory lifecycle. 📕 The guide includes: ☑️ An overview of the role blockchain intelligence plays in anti-money laundering (AML) supervision ☑️ Examples of the types of information regulators might request from the VASPs they oversee ☑️ Guidance for reviewing alerts and evaluating risk ☑️ Detailed examples of event-driven reporting scenarios (and how to use blockchain intelligence tools like TRM to resolve them) This is a must read for regulators in the space. I'm talking to you Financial Conduct Authority, Financial Action Task Force (FATF), Financial Crimes Enforcement Network, US Treasury, Monetary Authority of Singapore (MAS), Hong Kong Monetary Authority (HKMA), U.S. Commodity Futures Trading Commission, U.S. Securities and Exchange Commission, Abu Dhabi Global Market (ADGM), Virtual Assets Regulatory Authority [VARA], Financial Services Agency, Japan (JFSA, 金融庁), Cayman Islands Monetary Authority, European Securities and Markets Authority (ESMA), Australian Securities and Investments Commission (ASIC), Hong Kong Monetary Authority (HKMA), Swiss Financial Market Supervisory Authority FINMA, Securities Commission of The Bahamas (SCB), Autorité des marchés financiers (AMF) – France, Financial Supervisory Authority (BaFin), Central Bank of Ireland; New York State Department of Financial Services, and so many others! 📕 Read it here: https://lnkd.in/etqpm45W While you are at it, here are a few other pieces of content for regulators! 📕 Common Market Manipulation Typologies in Crypto and How to Spot Them: https://lnkd.in/ebmkuQ5p 📕 Enhancing Virtual Asset Licensing and Supervision with Blockchain Intelligence: https://lnkd.in/eS_Fwpx6 Great ☕️ coffee reads this morning for all my regulator friends out there! Enjoy.

Do you know that the 115-year-old corporation, Moody's, is leading tokenized securities research? If you're not on it, let me give you the highlights from their reports: 1. Hong Kong’s Regulatory Advances: On February 20, 2024, the Hong Kong Monetary Authority (HKMA) issued pivotal guidance to banks on digital asset custody. This guidance is part of a broader effort to bolster Hong Kong’s position as a hub for digital finance, providing a robust framework for the custody and sale of tokenized securities. By enhancing asset protection and operational efficiency, the HKMA is paving the way for institutions to confidently act as custodians for digital assets. 2. Comparative Global Regulatory Frameworks: Moody's detailed analysis underscores how various jurisdictions like Japan, Singapore, and the EU are crafting regulatory landscapes to support digital asset markets. For instance, Japan and Singapore have developed sophisticated custodial services that enhance investor protection by requiring the segregation of customer funds, a reaction to previous high-profile hacks. NO MORE FTX's. This proactive regulatory approach is crucial for fostering trust and stability in digital finance. 3. EU’s MiCA Framework: The Markets in Crypto Assets (MiCA) regulation, established on June 9, 2023, by the European Union, represents a significant step towards a harmonized regulatory framework for digital assets across Europe. MiCA introduces strict requirements for stablecoins, categorized under e-money tokens and asset-referenced tokens, aiming to stabilize their value through specific reserves backing. This regulation is intended to mitigate the risks associated with high volatility in crypto assets and to ensure that the digital market operates smoothly, transparently, and reliably. These developments reflect a significant pivot towards integrating blockchain with tradfi. And research adoption from major institutions like Moody’s illuminates the potential for secure, regulated digital asset markets. You can also follow me on https://lnkd.in/gBWJVNQx for the latest updates and in depth research of Wall Street on blockchain ;) Shout out and many thanks to Fabian Astic for sharing this incredibly well-put reports!

Our Global MLRO and Head of Financial Crime, Mark Taylor, recently spoke with Cointelegraph to discuss pump-and-dump schemes in #memecoin markets, and what precautions the industry could take to better protect participants. Despite its reputation as a pathway toward financial freedom, crypto still requires constant vigilance to avoid potential scams and fraud. Read Mark’s comments in full at the link below, and always remember to tread cautiously along your #crypto journey.