UK Law Commission expects 'substantial impact' from digital asset law review
Legal jurisdictional issues relating to cryptocurrencies and digital assets have necessitated a law reform project sponsored by the Ministry of Justice. The Law Commission of England and Wales hopes to establish the United Kingdom as a leading jurisdiction for grappling with legal disputes involving emerging technologies like cryptocurrencies, digital assets and electronic documentation.The project, dubbed "Digital Assets: Which Law, Which Court?" was announced on Oct. 18 with the aim of reviewing international legal challenges involving cryptocurrencies and providing recommendations for....
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Crypto is at the forefront of the European Commission’s financial services directorate’s proactive efforts to address the increasing environmental concerns in the digital assets industry. In a recent development, the Commission has initiated a tender process aimed at adopting a model-based approach to mitigate the substantial environmental impact posed by the mining of cryptocurrencies. This […]
DBS Group Holdings, the largest bank in Singapore and Southeast Asia, says its crypto business is “growing very rapidly.” The bank’s digital asset trading platform expects to double the number of members by year-end.
Singapore’s DBS Expects Substantial Growth in Crypto Business
DBS’s senior executives said in an interview, published by Reuters Monday, that the bank is seeing robust demand from corporate investors, accredited individuals, and investment firms that manage assets of wealthy families.
The executives added that the bank....
The European Commission, the executive branch of the EU, is weighing a limit on cash transactions in a move that may also affect digital currency payments. According to an impact assessment published by the Commission, the aim of the proposal is to curtail payments in cash, which critics say promotes anonymity when transacting. Any restrictions, the roadmap states, “would be a mean to fight criminal activities entailing large payment transactions in cash by organised criminal networks” – with a similar impact on terrorist financing as well. On the same foot, such efforts could be used to....
The U.S. Securities and Exchange Commission (SEC) is setting up a dedicated office to review crypto-related filings. The securities regulator stressed the need to “provide greater and more specialized support” for crypto assets.
SEC’s Dedicated Crypto Office
The U.S. Securities and Exchange Commission (SEC) announced Friday its plan to establish two new offices to review filings. One is an “Office of Crypto Assets” and the other is an “Office of Industrial Applications and Services,” the regulator said, adding that it expects both....
The Stock Exchange of Thailand is getting ready to launch a digital asset exchange. The president of the Thai bourse expects the country’s crypto regulator, the Thai Securities and Exchange Commission (SEC), to approve the launch “very soon.” Stock Exchange of Thailand Prepares to Launch a Digital Asset Exchange The president of the Stock Exchange of Thailand (SET), Dr. Pakorn Peetathawatchai, discussed the SET’s upcoming digital asset exchange in an interview with Bloomberg, published Sunday. He explained: We expect that our regulator, the SEC, will give an....