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Regulatory and Legislative Analysis – January 2024

Regulatory and Legislative Analysis – GLOBAL Interpol releases analysis of the Metaverse’s key challenges threats and harms On Jan 18, Interpol released a new white paper titled: “Metaverse, a law enforcement perspective: Use cases, crime, forensics, investigation and governance.” This document provides an in-depth analysis of the Metaverse from a law enforcement perspective. Interpol notes…

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Regulatory and Legislative Analysis – December 2023

Regulatory and Legislative Analysis – GLOBAL Egmont Group releases report summary highlights for Terrorist Finance Risks of Virtual Assets The Egmont Group (EG) released its Public Summary Report on Abuse of Virtual Assets (VAs) for Terrorist Financing Purposes. The report places emphasis on pinpointing vulnerabilities associated with virtual assets (VAs), showcasing EG Financial Intelligence Units’…

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Regulatory and Legislative Update – November 2023

Regulatory and Legislative Analysis – GLOBAL FATF to provide countries with enhanced tools to more effectively freeze, seize and confiscate criminal property During its fourth Plenary in Paris (Oct 25-27) the Plenary agreed on major amendments to the FATF Recommendations that will provide countries with enhanced tools to more effectively freeze, seize, and confiscate criminal…

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Regulatory and Legislative Analysis – October 2023

Regulatory and Legislative Analysis – GLOBAL Bank of International Settlements works with EU central banks to build a crypto tracking platform The Bank of International Settlements (BIS) Innovation Hub on 4 October published a report titled “Project Atlas: Mapping the world of decentralized finance.”  Project Atlas is a proof of concept that creates a data…

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Cryptocurrency Regulatory and Legislative Analysis #14

Regulatory and Legislative Analysis – GLOBAL IOSCO Issues Policy Recommendations for DeFi; proposes DeFi be regulated consistent with the “Same activity, same risk, same regulatory outcome” principal On Sept. 7, the International Organization of Securities Commissions (IOSCO), issued a Policy Recommendations for Decentralized Finance (DeFi) Consultation Report.  This consultation report analyzes DeFi and proposes nine…

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Cryptocurrency Regulatory and Legislative Analysis #13

Regulatory and Legislative Analysis – NAM (United States & Canada) SEC freezes assets and charges 18 Utah defendants in $50M fraud On August 3, the U.S. Securities and Exchange Commission (SEC) secured a temporary asset freeze and restraining order against Digital Licensing Inc. (also known as “DEBT Box”) and its principals. The agency’s complaint alleges…

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Cryptocurrency Regulatory and Legislative Analysis #12

Regulatory and Legislative Analysis – September 2023 Regulatory and Legislative Analysis – GLOBAL BIS claims there could be over 20 active CBDCs by 2030 A July 2023 paper published by the Bank for International Settlements (BIS), reveals that 93% of central banks worldwide are actively researching central bank digital currencies (CBDCs). The survey conducted by…

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Cryptocurrency Regulatory and Legislative Analysis #11

Regulatory and Legislative Analysis – GLOBAL Basel Committee on Banking Supervision publishes guidelines for cryptoassets treatment The Basel Committee on Banking Supervision published its guidelines for the prudential treatment of cryptoassets exposures.  The standard outlines minimum regulatory, supervisory review and disclosure requirements of banks’ cryptoasset exposures under Pillars 1, 2 and 3 of the Basel…

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Cryptocurrency Regulatory and Legislative Analysis #10

Regulatory and Legislative Analysis – GLOBAL Transparency International publishes report on illicit use of crypto On May 3, Transparency International’s U4 Helpdesk published a report on illicit use of cryptocurrencies. Some of the main points highlighted in the report: Cryptocurrency is not only restricted to cybercrime but is used for all types of crimes that…

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Cryptocurrency Regulatory and Legislative Analysis #9

Regulatory and Legislative Analysis – GLOBAL The IMF publishes a report on CBDC capacity development  On April 11, the International Monetary Fund (IMF) published a report on Central Bank Digital Currency (CBDC) capacity development, detailing its strategy to support and advise countries exploring CBDCs.  The IMF acknowledges the potential impact of CBDCs on monetary policy,…

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