On 9 October 2024, the International Organization of Securities Commissions (IOSCO) issued its final report on investor education surrounding crypto-assets.
The report follows up on an earlier report published in 2020 and provides updated information on crypto-assets that will be useful to regulators when designing investor education initiatives for retail investors. The report
On 3 October 2024, the Broadcast Committee of Advertising Practice (BCAP) published a new rule explicitly banning advertisements for certain types of cryptoasset products from being broadcast to mainstream, non-specialist audiences.
BCAP explains that these products were already subject to such a restriction under BCAP Code rule 14.5.4, as the products are not
On 30 September 2024, the Bank of England (BoE) and the Financial Conduct Authority (FCA) announced that the Digital Securities Sandbox (DSS) has opened for applications. The DSS is intended to reshape how the BoE and FCA regulate by allowing firms to test legislative changes in real world scenarios
On 25 September 2024, there was published in the Official Journal of the EU (OJ), Commission Implementing Regulation (EU) 2024/2494 of 24 September 2024 laying down implementing technical standards for the application of Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to standard forms, templates and procedures for
On 24 September 2024, the European Commission published the following Implementing Regulations supplementing the Regulation on markets in crypto-assets (MiCAR):
On 12 September 2024, the Property (Digital Assets etc) Bill was published, along with explanatory notes.
The Bill, which had its first reading in the House of Lords on 11 September 2024, provides that something may be capable of attracting property rights even if does not fit into either of the two categories
On 7 August 2024, the Financial Conduct Authority (FCA) published a summary of its review of cryptoasset firms’ compliance with new financial promotion rules designed to help people better understand the risks of investing in crypto.
Background
Following a change in legislation, qualifying cryptoassets were brought into scope of the financial promotions regime
The Central Bank of the UAE (CBUAE) has successfully launched the Project mBridge Minimum Viable Product platform for early adopters.
The mBridge project is a multi-central bank digital currency (CBDC) common platform for wholesale cross-border payments and settlements. The technology can help connect economies and support international trade and cooperation outside
On 30 July 2024, the Law Commission published a supplemental report and draft Bill that, if implemented, would confirm the existence of a third category of personal property into which certain digital and other assets could fall. This follows the publication in June 2023 of the Commission’s final report on digital assets, which set
On 30 July 2024, the Law Commission published a supplemental report and draft Bill that, if implemented, would confirm the existence of a third category of personal property into which certain digital and other assets could fall. This follows the publication in June 2023 of the Commission’s final report on digital assets, which set