Block Leges ®

Block Leges® is an international network with a community structure aims to provide legal certainty by formulating Model laws for different Blockchain use-cases

[Block Leges ® @BlockLeges]

The Evolutionary Path of Digital Assets Regulation
This article, by @MAEHusseini of Block Leges®, offers an in-depth look at the regulatory evolution within the industry, with a spotlight on @BinanceUS as a pivotal case study.

[Mehdi El Husseini @MAEHusseini]

Insights into the Future of Digital Asset Regulation"
Delve into the comprehensive analysis presented in "The Evolutionary Path of Digital Assets Regulation," where we explore the crucial juncture facing the digital assets market.
This article, by Mehdi El Husseini of Block Leges®, offers an in-depth look at the regulatory evolution within the industry, with a spotlight on @binance as a pivotal case study.

Key highlights include:
- The global regulatory challenges and the significant $4 billion settlement Binance faced.
- Leadership transitions (@cz_binance to @_RichardTeng ) within Binance, marking a strategic shift towards compliance and governance.
- The vital role of judiciary in setting new precedents and the need for collaborative efforts to establish global standards.
- @BlockLeges commitment to pioneering legal frameworks for DLT systems and fostering a harmonized legal framework for digital assets.

Join us in understanding these transformative trends that are shaping the future of digital asset regulation.

Mehdi El Husseini
23/11/2023

[Attach PDF Document: https://t.co/yuruaWiNyQ ]
#DigitalAssets #RegulatoryEvolution #BinanceCaseStudy #Compliance #BlockchainRegulation #DLTLaw #GlobalStandards #FinancialTechnology #CryptoRegulation #LegalFrameworks #InnovationInLaw #Fintech #Cryptocurrency #BlockchainInnovation #vara #sec #MarketIntegrity #LegalInsights #BlockLeges #MehdiElHusseini #المحامي_مهدي_الحسيني #DigitalEconomy #FinTechInnovation
@BinanceAcademy @BinanceResearch @BinanceUS @BinanceHelpDesk @BinanceAfrica @BinanceBCF

https://t.co/yuruaWiNyQ

[Mehdi El Husseini @MAEHusseini]

@TheFCA Financial Conduct Authority issued the Policy Statment PS 23/6 on:

The Financial Promotion Rules----
--------for Cryptoassets-----------

What does it mean ?

1. Financial promotions #rules in the UK aim to #protect #consumers from misleading promotions by both domestic and "#OverSeas" firms.

2. The focus is on ensuring that #consumers are fully #aware of the #risks associated with high-risk investments and the possibility of losing all their money.

3. The primary objective is to protect consumers while also #promoting potentially beneficial #innovation for long-term economic growth. (The @FinStbBoard #Financial #Stability #Board (FSB) rule, I call it: The Golden Triangle)

4. The #financial promotions regime seeks to #reduce the communication of #inappropriate #cryptoassets and related models to consumers, particularly the vulnerable members of society.

5. Failing to protect consumers from misleading #promotions can hinder the #UK's medium to #long-term #economic #growth, as consumers may lose money or trust in the financial services sector. (Interesction with Prudential regulatory Authority #PRA)

6. It can also impact the #UK's #international #competitiveness as a #safe and reputable #jurisdiction for communicating #cryptoasset financial promotions.

In the future, I expect to encounter new terms that I will find familiar:

#FCA #Crypto_Police #The_MET_of_The_Crypto_Market #Crypto_MET #Crypto_Metropolitan
#cryptocurrency
The #Future of #Cryptoassets #Market in #UK.
#London

Mehdi El Husseini
Block Leges
@BlockLeges
https://t.co/IjxWOCvTQz

[Block Leges ® @BlockLeges]

Different #regulatory #systems are approaching #ICOs legal framework from their own perspective and project their own existing set of regulations when classifying the underlying economic value of the #token.

[Block Leges ® @BlockLeges]

There is no innovation in regulating #STO as the form of the #token match already exiting #securities, and built on an exiting #blockchain platform.
Whereas, #ICO is built on a new business model of #blockchain #design.
#ICOs are not Died, #regulators couldn't match #innovation

[Block Leges ® @BlockLeges]

We need to change the #world #regulatory approach toward #cryptoassets and #cryptocurrency.
@inside_r3 @ConsenSys @coindesk

[Block Leges ® @BlockLeges]

We need to change our #regulation and our #regulatory approach toward #DLT designs.

We need to set new #Model_laws to govern #BlockChain based new models.

@VitalikButerin
@elonmusk