Blockchain and GDPR compliance: mission (im)possible?
With the immutable nature of blockchain directly conflicting GDPR’s requirement to delete personal data, is there a way to reconcile inconsistencies between the two? Can Blockchain and GDPR compliance both exist? The General Data Protection Regulation (GDPR) was first approved and adopted by the European Union (EU) Parliament on April 2016 and became effective on […]
Cryptocurrency and crime: uses and ways to stop it
Over the past few years, cryptocurrencies have grown rapidly in price, popularity and mainstream adoption. To put it into context, the numerous online cryptocurrency exchanges and markets have daily dollar volume in the billions. With such volumes, a link between cryptocurrency and crime is, unfortunately, inevitable. As of January 2018, the total market capitalisation of […]
Fundament Group: BaFin Approves $280M Blockchain Bond For Real Estate
The German regulator greenlights an unprecedented $280 million Ethereum-based real estate bond for security issuance firm the Fundament Group by Daryl Charman On 23rd July 2019, the German Financial Market Supervisory Authority (BaFin) approved a blockchain-based bond issuance for Fundament Group. The Berlin-based security issuance firm behind it mainly invests in commercial real estate, with […]
Initial Exchange Offerings (IEOs): Questions & Answers
We recently posted an article on LinkedIn about Initial Exchange Offerings (IEOs). We received some questions which relate to three main topics. by Simone D. Casadei Bernardi Who is responsible for running AML and CTF checks on their subscribers of the IEO? Is it the issuer or the exchange? The answer to this question can’t […]
CFTC targets BitMEX
BitMEX: U.S. watchdogs willing to step up the game with crypto oversight by Mattias Cerini News broke out recently regarding a probe launched by the U.S. Commodities Futures Exchange Commission (CFTC) into alleged trades executed by American citizens on Seychelles based crypto margin trading BitMEX. The investigation has not been made public as of the […]
FATF Releases Global Rules for Crypto Assets
The independent inter-governmental body who deal with the threats made against the global financial system like money laundering and terrorist financing, the FATF, made a big announcement surrounding crypto assets. At the closing of the Plenary Week Friday in Orlando, Florida, they announced that they had adopted and issued “an Interpretive Note to Recommendation 15 […]
Blockchain Compliance Bulletin #8 - July/August 2019
When we had the idea to publish our Blockchain Compliance Bulletin, we considered it an experiment. We weren’t sure about where this publication would have lead us. We got much more results than we expected at first. We continuously receive positive feedback from our readers, together with useful and constructive criticism, which help us to […]
Opportunities Await – Thanks to Security Tokens and STOs
Discover why legislation in 2019 towards security tokens and STOs are pushing the blockchain industry towards a whole new world of opportunities Before discussing the future of security tokens and the differences between them and other forms of tokens, first, let’s cover what they are. In layman’s terms, a security token is portable devices that […]
Blockchain Compliance Bulletin #7 - June 2019
We want to express our deepest gratitude to all our readers who reached us with their notes, remarks and token of appreciation. We are pleased to release our Blockchain Compliance Bulletin number 7. As usual, we have updated our Blockchain Compliance Rank (PDF), our proprietary concise insight into identifying the best jurisdiction to locate a […]
Blockchain, Banking, and Payment Systems: Adapt or Die
Cryptocurrencies, banks and payment services provide unprecedented access to your money and allow you to send it to anyone, in different ways and against different fees. Unlike banks and payment service providers, crypto is a currency and a payment network at the same time. The British pound is a currency, PayPal is a payment network, […]
