DAIA looks forward to working with the EC on its impending clarification on the defn of ‘financial instruments’ which defines the scope of MiFID II, and will include financial instruments based on DLT. This will be critical to understanding the implications for cryptos in the EU.
FCA bans the sale of crypto-derivatives to retail consumers
this increases the importance of developing a workable and risk sensitive crypto sector regime for the EU, and also the U.K.
https://t.co/SUCVJZnATu
1. The Council calls on the Commission to consider the need to further improve the legal framework for virtual assets introduced by the 5th AMLD by including virtual currencies not exchangeable for fiat money and thus achieving better alignment with current FATF recommendations.
regulation proportionate to risk & the need for flexible, efficient, inclusive, and multi-sectoral cross-border cooperation & information sharing arrangements that take into account the evolution of GSCs arrangements and the risks they may pose over time.
https://t.co/V2RIDGvSLA
In 2019 the G20 called on the FSB to examine regulatory issues raised by “global stablecoin” (GSC) arrangements taking into account the perspective of EMDE's. Applying the principle of ‘same business – same risks – same rules’, the FSB’s recommendations for GSC's call for
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https://t.co/jFIcYk38Sb