Law Decoded: Bringing blockchain into securities markets, Feb. 12–19

Law Decoded: Bringing blockchain into securities markets, Feb. 12–19

But security tokens are not ready to take over the world quite yet. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor's noteTechnology is by and large not the major barrier — though many in the industry have a decent bit of hubris about it. More important is that people, whenever their money is on the line, get mighty conservative. Which is not necessarily greedy or unreasonable, but it is why it was easier for lawmakers to greenlight email than electronic signatures. Conservatism surrounding money also means that....


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Law Decoded: Closing remarks on the future of crypto law, March 5

The final Law Decoded moves away from specific news to reflect on the biggest legal issues facing crypto. Editor’s noteLadies and gentlemen, it is bittersweet to welcome you to the final installment of Law Decoded, at least with yours truly at the helm. Though someone may pick this newsletter back up at some point, there are no plans to do so now.Taking advantage of the rose-tinted glasses or maybe the graduation goggles that are in effect for this final newsletter, I will be shaking up the format. As last week’s Law Decoded focused on a few long-standing stories in crypto, this week, I....

Law Decoded: Of ICBMs, BTC and ETFs, Feb. 5–12

Exploring where national security meets securities offerings in this week's crypto news. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor's noteA wise man once said, "there's security and there're securities," and if he didn't, he should've.In modern English, it seems a quaint coincidence that the word "security" refers to both safety and a broad class of investments. But as pending arguments about, say, meme-propelled trading in securities are set to take place in forums reserved for national security, it's a....

Hong Kong Financial Markets Authority Joins R3 to Test Blockchain Transactions

The Securities and Futures Commission, an independent statutory authority that regulates the securities and futures markets in one of the world’s major financial hubs in Hong Kong is joining the R3-led financial blockchain consortium. According to a report in the Wall Street Journal, the Hong Kong regulator is working with R3’s numerous members that includes banks and technology developers to test blockchain ledgers to record and settle securities and futures transactions. The collaboration is yet another example wherein banks and regulators are coming together to push blockchain....

EU Securities Watchdog Calls for Information on Blockchain Tech

Comment added from Dr Timo Schlaefer, co-founder and CEO of Crypto Facilities, a bitcoin derivatives trading platform. The EU's securities watchdog has issued a call for evidence to ascertain if and when blockchain technology can "enter the financial mainstream". The European Securities and Markets Authority (ESMA), which oversees securities markets in the region, has spent six months monitoring investment in the bitcoin sector. Now the regulator is seeking feedback from industry stakeholders on how the technology underlying cryptocurrencies can be used to "issue, buy and sell and record....

Law Decoded: The year of the Crypto Futures Trading Commission, Sept. 25–Oct. 2

The end of the U.S. federal government's fiscal year brought a cascade of major announcements from agencies. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor's noteIn a tweet late last night, President Trump said that he and Melania had tested positive for COVID-19. If you weren’t already aware of that, you may want to catch up on a deluge of wishes for life and death, alongside speculation as to Trump’s announcement being a hoax, before sitting down to this week’s Law Decoded. Or possibly not.Every week leading....