Cryptocurrency trading company FTX is formally seeking protection from its creditors and entered bankruptcy proceedings. The company's founder, chair and CEO, Sam Bankman-Fried, has also resigned, the company announced.
As the crypto policy world 
Industry leaders have 
The Canadian government announced on Thursday that it has now begun consultations with stakeholders on digital assets – including cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs).
Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Category Archives: Blockchain, Crypto, Digital Assets Regulations
Will Global Regulation See Bitcoin Surge in 2023?
November 21, 2022
Regarding the price of Bitcoin and most cryptocurrencies in general, 2022 has been a rough year, especially compared to the phenomenal price performances of 2020 and 2021. Naturally, millions of people are keen to see what 2024 will bring, especially for BTC.
Among various market experts' crypto circles, there is increasing talk of a Bitcoin price surge coming. Its foundations are predicted to come from a rather unlikely source, increased global regulations.
Previously, increasing government regulation spelt bad news for cryptocurrency. But now, it could have the complete opposite effect. As cryptocurrency regulation grows worldwide, many expect that new governmental frameworks could play a huge role in increasing the credibility of Bitcoin and other cryptos and dramatically increase their value.
Out of all cryptocurrencies, Bitcoin is the one almost everyone has their eye firmly on. The first cryptocurrency in the world, it has a staggering market cap of $390 billion, is worth more than triple that of Ethereum and trumps every altcoin out there. Naturally, it is often the most recognisable name and the go-to choice for crypto newcomers.
But 2022 has not been kind to Bitcoin. Between 2020 and 2021, the price surged from $5,000 per coin to more than $60,000. Making many people richer than they ever could have imagined practically overnight.
But this year, In the wake of the pandemic, war in Europe, and increased global volatility, the price has fallen dramatically, losing over 70% of its value and thus characterising the volatility of crypto.
Of course, the precarious state of the world has also seen some of the most stable blue-chip stocks plummet too. But unlike these, BTC doesn’t have the same level of credibility amongst the mainstream investment audience. But 2023 could see a dramatic change in this area.
To be accepted by a mainstream investment audience, it’s widely said that there are six main expectations that cryptocurrencies need to meet:
- Durable ✔️
- Portable ✔️
- Divisible ✔️
- Fungible ✔️
- Scarce ✔️
- Widely accepted as a form of payment ❌
When it comes to Bitcoin, the original cryptocurrency largely ticks the boxes on the initial five necessities. However, its stumbling block is becoming a globally accepted form of payment.
However, 2023 could see that box finally ticked.
Almost every form of investment, be it fiat currency, properties, commodities, etc., is regulated in some form. Bitcoin has largely avoided it so far, but this may end soon. But fear not; this may not be a bad thing at all.
In fact, it could be the final push needed for Bitcoin to finally achieve widespread use and adoption.
A change that will likely make its price surge higher than ever before. Now, let’s look at some of the most promising regulations in the crypto pipeline from global governments from the UK to Saudi Arabia and what it means for Bitcoin and crypto as a whole!
Bitcoin Regulations In The United Kingdom
From one of the shortest reigns of any prime minister to the loss of value in the Great British Pound, the political scene in the United Kingdom has been a rollercoaster in recent months and not a very fun one.
Britain’s latest prime minister, Rishi Sunak, is a former banker from Goldman Sachs. So if there’s one thing he knows well, it’s economics. Due to various political scandals and mishaps, public opinion is divided over Sunak’s ability to lead the country.
However, when it comes to crypto in the UK, things are looking bright. Rishi Sunak has revealed his ambitious aims for post-Brexit Britain to become a hub of crypto-related business similar to that of the Baltic states.
So much so that a recent UK government voted to add digital cryptocurrencies to the scope of activities to be regulated via the newly proposed Financial Services and Markets Bill.
In an additional boost for crypto, the Financial Conduct Authority has recently updated its advice and advises that crypto should be limited to 10% of a diversified portfolio. Previously, they advised avoiding it altogether due to its volatility.
Where Should You Invest In Bitcoin In 2023?
Naturally, reading this article and realising the promising future that lies ahead for the likes of Bitcoin and other cryptocurrencies, you’re no doubt wondering how to invest in Bitcoin for the future. Well, as we come to the end of this article, allow us to share some advice with you.
Worldwide, there are several ways to invest in cryptocurrency, but not all of them are equal. Surrounding an elite group of exchanges and trading platforms is a minefield of scam platforms and illicit exchanges, which you should avoid at all costs.
Instead, opt for a popular and varied platform that is well-suited to beginners, such as eToro, Kraken, or Bitcoin Loophole. These platforms also come with a range of useful trading tools that you can use to streamline your crypto portfolio and build an investment for the future.
The Securities or Equities Question in The United States
The United States is home to a huge community of cryptocurrency investors. Around 22% of the US adult population (46 million people) own some Bitcoin. In fact, recent statistics have shown that most millennials surveyed believed that Bitcoin is superior to gold as a safe-haven asset.
Naturally, crypto regulation is becoming an increasing topic of discussion in the US Senate. Gary Gensler, the Chair of the Securities and Exchange Commission, has said that those who invest in cryptocurrencies should be granted the same protections as those who invest in mainstream equity.
Gensler has also made his opinion clear regarding a crypto market that offers protection to those who invest in it. By doing so, the market will produce more confidence, draw more investors, and become stronger overall.
The US Government is currently debating how to classify Bitcoin and other crypto assets. The question is whether they should be treated as equity-like securities or gold-like commodities akin to gold.
It’s a difficult question indeed, as various cryptocurrencies share the characteristics of both investment forms. Many have argued that the classification should determine whether a particular crypto asset uses a proof-of-work or proof-of-stake protocol.
Once this question is answered and the issue is settled, retail investors will undoubtedly feel much safer and more confident about investing in crypto. In turn, we could see a huge wave of investment towards Bitcoin and other crypto assets that will undoubtedly skyrocket.
The European Union’s New Licencing Regime
Another major player in the future of Bitcoin and the wider world of crypto is the European Union. A vast collection of 27 countries, whatever decisions toward crypto regulation made at the top of the EU have a huge effect on the wider world of cryptocurrency.
Recently, the EU agreed to establish a cooperative licensing authority regulating various cryptocurrency exchanges such as Binance, Kraken and Coinbase.
The general plan is for all cryptocurrency exchanges to have the ability to seamlessly operate across the borders of countries that make up the EU within an agreed Crypto Regulation Framework.
Anti-Crypto Asia Is Changing Its Mind
From China to India, quite a few governments in countries across Asia have demonstrated an inherently anti-crypto stance. However, the progress of technology and widespread adoption is hard to fight, and many countries are beginning to change their minds.
Take India, for example. In recent years, the Central Bank of India has blatantly branded cryptocurrency as nothing more than a Ponzi Scheme. More recently, the Indian Directorate of Enforcement decided to freeze both WRX and Tether underneath India’s Prevention of Money Laundering Act. Despite this, it’s believed that more than 7% of the enormous Indian population of 1.4 billion own some form of crypto. That’s almost 10 million people!
And then there’s China. When one of the biggest countries on earth imposed a full-on crypto ban, it sent shockwaves across the cryptocurrency industry. But in the iconic investment hub of Hong Kong, things are looking promising.
Elizabeth Wong is the chief of fintech at the Securities and Futures Commission and recently informed investors that the government is contemplating authorising people to invest directly in digital assets.
It’s believed that this is some form of reconciliation that is aimed at attracting fintech investors back to Hong Kong in the wake of mainland China’s violent crackdown on Hong Kong protestors.
Saudi Arabia is Bringing Change to Crypto Investing in The Middle East
Across the predominantly Islamic countries of the Middle East, religion often plays a significant role in the governance of money and finance. To stay in line with Islamic law, many countries across the Middle East have been naturally cautious about cryptocurrencies due to the question of whether they’re Halal or not.
However, one country, in particular, is at the forefront of changing this. Interestingly, it’s one of the most surprising countries one could think of due to its notoriously hardline religious society: Saudi Arabia.
Officially, the government in Saudi Arabia banned the country's bank from processing any form of crypto transactions. But, as with anything, there are numerous ways to get around it, and many Saudis take full advantage of them. By the Spring of 2022, surveys showed that 14 per cent of the adult Saudi population (3 million people) either currently owned crypto or had at least actively traded in the last six months.
There’s increasing talk of the neighbouring United Arab Emirates making steps to become the main hub of cryptocurrency in the Middle East. Not wanting to be outdone by their neighbour, many believe that regulations will be loosened in Saudi to allow cryptocurrency activity to flourish. Binance has already got its foot in the door in anticipation of this news and has increased its number of Saudi-based staff.
Even more promising for the region is an increasing number of religious leaders declaring that cryptocurrency is permitted under Islamic law. Plus, the Kingdom of Saudi Arabia is also making plans to form a multi-regional CBDC under the name ABR.
International Monetary Fund (IMF)
And last but by no means least is another financial powerhouse that is predicted to play a huge role in the global acceptance of Bitcoin and other crypto assets: The International Monetary Fund (IMF).
Recently, the IMF released their World Economic Outlook Update Report that was largely encouraging to the crypto sector and stated that, despite the enormous sell-off across the cryptocurrency market in the wake of price dips, there had been limited fallout on the wider financial system overall.
In contrast, there was more negative attention directed towards stablecoins. Tobias Adrian, IMF director of monetary and capital markets, stated that stablecoins like USDT threaten investors due to their characteristic nature of not being backed one to one.
Overall, rather than focusing on cryptocurrencies like Bitcoin to further regulate them, Adrian predicted that regulators will place their focus on crypto exchanges and those who provide digital wallets.
In Conclusion, Regulation Could Mean a Bright Future For Bitcoin!
Previously, the lack of government regulation was a huge selling point for BTC and was a huge help to draw more investors to the asset and increase its value. Now, it’s widely accepted that Bitcoin needs to advance into the future and become a globally accepted form of currency.
But to achieve this, governmental regulations are inevitable, and it’s happening as we speak. Some may say it’s a bad thing that goes against the very principles of cryptocurrency. But, overall, crypto needs to advance.
Plus, as the range of crypto regulation advances worldwide and the use cases, credibility and acceptability of the likes of Bitcoin grow in sync, we could naturally see its price surge in 2023 and beyond.
See: MiCAR: EU Crypto Regulation in the Making
But of course, only time will tell, and nobody can truly tell what the future has in store for Bitcoin and other cryptocurrencies. This means that you shouldn’t take this article as a form of financial advice.
If investing in cryptocurrency for the first time, always conduct deep research into the market, consult with a financial expert and never, I repeat never, invest more than you can afford to lose.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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SBF Resigns and FTX Files for Bankruptcy
CBC News | Peter Evans | Nov 11, 2022
Cryptocurrency trading company FTX is formally seeking protection from its creditors and entered bankruptcy proceedings. The company's founder, chair and CEO, Sam Bankman-Fried, has also resigned, the company announced.
- Bankrupt: About 130 other companies associated with FTX, including Bankman-Fried's investment firm Alameda Research, have also commenced voluntary proceedings under Chapter 11 of the U.S. bankruptcy code," the company said.
- Gone from one of the largest cryptocurrency trading platforms in the world with $16 billion in assets, to insolvency, frozen customers accounts, regulatory and judicial investigations and rumblings of fraud.
See: Binance vs. FTX: Clash of the Titans | CZ Selling FTT Tokens | The Story of SBF’s Backroom Binance Deal and Lessons Learned | Binance Drops Bid to Save Rival | Developing…
- Smoke and mirrors: About a year ago, one FTT token was worth about $80 US. On Monday morning, each one was worth about $22. By Friday morning, they were changing hands for less than $3.
- That's a major red flag, says Charley Cooper, a former chief operating officer with commodity regulator the CFTC, because it means the company is "valuing itself based on something that they invented. The first problem is much of their balance sheet was in the very token they created, which no one really knew how much it was valued at," he said.
- The 30-year-old Bankman-Fried was born in Silicon Valley and lives in the Bahamas, but his crypto empire stretched all the way to Canada. The Ontario Teachers' Pension Plan participated in a funding round for FTX as recently as 2021, with a stake of roughly $95 million.
Continue to the full article --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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DCCPA Threatens DeFi’s Unique Features of Composability and Permissionlessness.
Cato Institute | Jennifer J. Schulp and Jack Solowey | Oct 26, 2022
As the crypto policy world debates the future of stablecoins and the legal culpability of decentralized autonomous organization (DAO) governance voters, don’t sleep on the Digital Commodities Consumer Protection Act (DCCPA).
- While the DCCPA helpfully codifies bitcoin and ether as digital commodities under the exclusive jurisdiction of the Commodity Futures Trading Commission (CFTC), it leaves a great deal of the line drawing between crypto securities and crypto commodities uncertain. In addition, in requiring all platforms for buying, selling, and trading crypto tokens to register with the CFTC and comply with other mandates, the DCCPA poses serious challenges to decentralized finance (DeFi).
- To defend creative dynamism in DeFi, any registration of decentralized crypto token exchanges (DEX) ought to be strictly voluntary.
See: BoE Speech by Carolyn Wilkins on DeFi Governance Limits and Opportunities: Get Up, Stand Up!
- DeFi has revolutionary potential because it is permissionless and composable, allowing for projects to be more creatively adapted and recombined.
- The lending scenario described above is permissionless; instead of requiring a traditional credit score – or an “in” with the right institution to get the loan – the borrower only needs the right collateral.
- DeFi is composable – because the underlying smart contracts are written with open‐source code and standards, functions can be built atop one another like interoperable Lego blocks.
- The DCCPA threatens DeFi’s unique features. Although the law does not once use the word “decentralized,” its broad definition of “digital commodity trading facility” (i.e., that which facilitates the execution of digital commodity sales or trading of digital commodities between persons) very likely brings DEXs within its scope. DEXs would therefore be subject to a slew of compliance mandates, beginning with the requirement to register with the CFTC.
- The problem with these mandates is that many of them are aimed at what current CFTC Commissioner Kristin N. Johnson aptly referred to in a 2021 law review article as “intermediary risks” – the potential for financial middlemen to mishandle assets and information in their possession. Regulations to address intermediary risks don’t make sense for software designed to achieve disintermediation.
- For example, under the DCCPA, covered platforms would be required to “hold customer property (including digital commodities) in a manner that minimizes the risk of loss.” This is relevant to a centralized, custodial exchange but not to a DEX where users self‐custody their tokens.
See: [Brookings Webcast, Nov 15]: Digital Asset Regulation: The State Perspective
- What should be clarified: Any law that would impose sweeping obligations on DeFi should at the very least know what it is regulating.
- Any exchange regulation must ask what separates a decentralized exchange from a centralized exchange and how their risk profiles differ.
- The law also should differentiate between project teams that interpose themselves and their discretion between users and a DEX protocol and developers that simply let the software, not human agency, be the service.
Continue to the full article --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Hester Peirce Reaffirms That the SEC’s Current Approach to Crypto Is ‘Not a Good Way of Regulating’
Decrypt | Sander Lutz | Oct 31, 2022
Industry leaders have long accused the SEC of taking a uniquely unfair and unreasonable approach to crypto regulation; now, one of the SEC’s own is singing the same tune.
- Revolving door: There’s not much that’s healthy about how the SEC interacted with crypto companies thus far, according to the Commissioner: bringing them in one at a time—not to collaborate on policy, but to dictate the terms of a particular enforcement.
- My way or the high way: The SEC’s current chair, Gary Gensler, has repeatedly insisted that he treats crypto no differently than any other market under his purview. He’s also made a point of responding to criticism of his crypto policies by putting the onus on crypto companies, encouraging them to “come in and talk” if they are unhappy about regulations being generated.
Hester Peirce, SEC Commissioner:
Typically, when we write a rule, we go out with a proposal. People are talking to the regulator, we're talking to the public. It's a very healthy conversation.
If you're going to tell people to come in, people need to see people walking in the front door and coming out again, holding an exemptive order or something that allows them to move forward with their business and allows us to achieve our regulatory objectives. But if you just see people walking in and then you see them walking out either with an enforcement action, or with nothing, people aren't going to want to come in the door.
Nobody else is in the room. The customers aren't in the room. The competitors aren't in the room. And the regulator has the leverage because the regulator's about to bring an enforcement action. It’s just not a good way of regulating.
Continue to the full article --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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SEC Wins LBRY Protocol Case: Is Every U.S. Crypto A Security?
Decrypt | Kate Irwin | Nov 7, 2022
The Securities and Exchange Commission has won its case against LBRY, Inc., the company behind the LBRY protocol announced Monday along with a published copy of the ruling.
“Because no reasonable trier of fact could reject the SEC’s contention that LBRY offered LBC as a security, and LBRY does not have a triable defense that it lacked fair notice, the SEC is entitled to judgment,” U.S. District Judge Paul J. Barbado wrote in the conclusion of the ruling.
- Ruling: According to the ruling’s memorandum, the SEC argued in its complaint that LBRY “offered and sold unregistered securities in violation of Section 5 of the Securities Act of 1933.”
- But LBRY does not believe it is selling securities, and countered that its LBC token “functions as a digital currency that is an essential component of the LBRY Blockchain.”
- The SEC has not yet published a press release regarding the case. The agency initially charged LBRY for selling unregistered securities in March 2021.
See: The SEC Will Be Watching You…Every Text You Send
LBRY wrote on Twitter in response to the ruling:
The language used here sets an extraordinarily dangerous precedent that makes every cryptocurrency in the US a security, including Ethereum.
Andrew Rossow, an attorney and adjunct law professor:
The Court missed the mark in identifying a distinction that possibly speaks to a further clarification of what a ‘reasonable expectation of profits’ means under Howey, as it applies to projects such as LBRY.
Continue to the full article --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Canadian Government Begins Crypto Consultations with Digital Asset Stakeholders
Kitco | Ernest Hoffman | Nov 4, 2022
The Canadian government announced on Thursday that it has now begun consultations with stakeholders on digital assets – including cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs).
- The announcement was part of the Federal government’s fall economic update, which functions as a mid-year mini-budget for the Canadian economy six months after the release of the full annual budget each spring.
- The update acknowledged that cryptocurrencies and the digitalization of money “are transforming financial systems in Canada and around the world,” and that the country’s regulatory framework needs to keep up with the changes.
- It characterized the digitalization of money as “a challenge to democratic institutions around the world,” citing the use of cryptocurrencies and other digital assets “to avoid global sanctions and fund illegal activities, both in Canada and around the world.”
See: BoC: Bitcoin Ownership in Canada Jumped to 13% in 2021
- The BoC has also been studying CBDCs since the mid-2010s, releasing a CBDC assessment framework in 2016, and just last month publishing an analysis of archetypes for a potential retail CBDC.
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Cryptopolitan | Brian Koome | Nov 4, 2022
Addressing the digitization of money in Canada
- Bank of Canada Bitcoin Ownership Report: There has been an upsurge of blockchain and decentralized finance products like cryptocurrencies, Central Bank Digital Currency, and stablecoins. The report refers to the upsurge as the digitization of money and therefore bringing the need for a new framework of regulation and financial systems.
- The report acknowledged the global use of cryptocurrencies and digital assets to avoid international sanctions and use in funding illegal activity. The use in effect posed a significant challenge to democratic institutions.
To help address these challenges in Canada, Budget 2022 announced the government’s intention to launch a financial sector legislative review focused on the digitalization of money and maintaining financial sector stability and security. - 2022 Fall Economic Statement
See: NCFA Response to FINTRAC’s ‘Knee Jerk’ Regulations Requiring Donation Crowdfunding Platforms to Register and Comply with AML/ATF Legislation
- Impact of Emergencies Act: In January the Canadian government fell into headwinds with protestors (who were being funded in crypto) regarding the Covid 19 vaccine mandate and restrictions. The protests escalated, prompting the province of Ontario to declare a state of emergency. The ripple effect resulted in the Canadian Prime Minister Justin Trudeau invoking the Emergencies Act giving him powers to freeze ‘Freedom Convoy protesters’ bank accounts and monitor suspicious transactions including crypto. Millions of donations were frozen including a stash of 21 Bitcoin from fundraising platforms like GoFundMe and GiveSendGo.
- A day later the Canadian federal police sent letters to several crypto exchanges demanding they “cease facilitating any transactions” with more than 30 specific cryptocurrency wallet addresses linked to the ongoing truck protests in the country.
- The HonkHonk Hodl group raised 22 BTC valued at $1M through the Tallycoin BTC fundraising platform. The group later closed their group when they exceeded their fundraising goal.
- GoFundMe cooperated with Canadian enforcement officials to refund donors. Still, GiveSendGo has experienced a data leak exposing the identity of “thousands of names of those who donated to the Freedom Convoy,” as reported by The Daily Dot writer Mikael Thalen.
Continue to the full article --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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[Brookings Webcast, Nov 15]: Digital Asset Regulation: The State Perspective
Brookings | Nov 1, 2022
On Tuesday, November 15, the Center on Regulation and Markets will convene the third event of our series on regulating digital assets. Keynoting will be New York Department of Financial Services Superintendent Adrienne A. Harris, who will discuss her perspective as a state regulator dealing with digital assets and cryptocurrency. The event will feature two panels of experts, one focused on issues of prudential regulation, supervision, safety, and soundness, and a second focused on issues of consumer and investor protection.
See: MiCAR: EU Crypto Regulation in the Making
Cryptocurrency and other digital assets have exploded in valuation, media attention, and interest from investors, financial technology companies, and regulators. These assets have experienced sharp increases and decreases in value, and several have imploded into bankruptcy with severe consequences for investors.
Digital assets and cryptocurrency challenge existing legal and regulatory definitions and frameworks, often straddling lines in ways 20th century law never contemplated. Regulators at both the federal and state levels have been working to try to protect consumers and investors, safeguard the financial system, and allow for innovation and competition.
Digital asset regulation: The state perspective
Tuesday, Nov 15, 2022
Format: Webcast
Register to watch (access) the webcast --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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