On 16 November 2023, the International Organization of Securities Commissions (IOSCO) published a final report containing policy recommendations for the regulation of crypto and digital assets. The recommendations are principles-based and outcomes-focused and are aimed at the activities performed by crypto-asset service providers (CASPs). In line with IOSCO’s established approach for financial market regulation, the … Continue Reading
On 5 October 2023, the European Securities and Markets Authority (ESMA) published its second consultation paper on technical standards under the Regulation on Markets in Crypto-Assets (MiCA). Consultation on the first package concluded in September 2023 (please see our earlier blog for additional background). This second consultation package covers six draft regulatory technical standards (RTS) … Continue Reading
On 29 September 2023, the European Banking Authority (EBA) published Technical Advice on two delegated acts that the European Commission (Commission) is mandated to develop under the Regulation on Markets in Crypto-Assets (MiCA). These include a delegated act on the most relevant indicators in relation to specific criteria for determining whether asset-referenced tokens (ARTs) and … Continue Reading
On 25 September 2023, the Council of the European Union (Council) Working Group on Financial Services held a discussion on the European Commission (Commission) proposal on the establishment of a digital euro. Since 2021, the Commission and the European Central Bank (ECB) have been preparing the establishment of the digital euro. Considerate of the fact … Continue Reading
On 24 March 2022, the Bank of England (BoE) published a paper containing a summary of responses it received to its earlier Discussion Paper on new forms of digital money such as, systemic stablecoins and a UK Central Bank Digital Currency (CBDC). The BoE report that the responses to the Discussion Paper found that: There … Continue Reading
On 6 September 2021, the FCA published a speech by its Chair, Charles Randell, entitled The risks of token regulation. Key points in the speech include: The tide of regulation is turning all over the world, and online platforms should expect a future where regulation addresses the significant risks they pose in the same way … Continue Reading
