1/ Continuing its history of being tech-forward, Dubai just published an extensive new set of tech-agnostic rulebooks for crypto market participants, covering compliance standards, advertising, issuance, and much more.
2/ Australia’s Treasury is looking to reform licensing and custody for crypto and bolster consumer protection – they recently published a token mapping consultation and are looking for public input before updating existing frameworks.
3/ the UK HMT’s new consultation reflects the government’s intent to establish a proportionate, clear framework that allows firms to innovate while maintaining financial stability – an opp for the UK to become a global crypto hub (as it previously announced its goal was to be).
4/ South Korea’s Financial Services Commission published guidelines that delineate what would be considered a security token vs a payment token, and how those are separately governed.
The list goes on (Brazil’s new legislative framework etc) Note the commonalities – these regulators are providing leadership and doing the work that we are desperately missing in the US – unsurprisingly, this is where companies like Ripple are growing!
@cryptolewlew Are you kidding me? Your dear leader made a big serious mistake and was proven wrong. I don't want anything to do with this committee. Thank you but no thank you.