Tagged: consultation

Digital Chamber of Commerce Comments on IOSCOs Consultation on Crypto Asset Trading Platforms: Balancing Regulation and Innovation

In May of 2019, the International Organization of Securities Commissions (IOSCO) kicked off a consultation on “crypto-asset trading platforms” or “CTPs.” The goal of the Consultation is to assist IOSCO members in evaluating the issues and risks relating to trading in digital assets and the… Read More

Here is the FCA Consultation Proposing the Ban of Cryptoasset Derivatives for Retail Investors

Earlier this month as previously reported, the UK Financial Conduct Authority (FCA) proposed a ban on the sale of both derivatives and exchange-traded notes (ETNs) based on “certain types of cryptoassets.” The announcement of the proposed ban kicked off a consultation, embedded below, for feedback… Read More

Ban Hammer: UK Financial Conduct Authority Proposes Prohibition of Crypto Derivatives

The UK Financial Conduct Authority (FCA) has proposed a ban on the sale of both derivatives and exchange-traded notes (ETNs) based on “certain types of cryptoassets.” This ban will impact retail investors. As part of the decision-making process, the FCA has commenced a public consultation… Read More

As the Lines of Financial Services Blur, the UK Financial Conduct Authority is Doing a Consultation on a “Cross Sector Sandbox”

While it is a fact we all need bank-like services it is also true we do not necessarily need a traditional bank. The digitization of finance has liberated the masses from paper driven, brick and mortar operations to the bank of the iPhone (or Android… Read More

Concept Release: The Securities and Exchange Commission Asks for Feedback on Ways to Harmonize Securities Exemptions

The Securities and Exchange Commission is seeking comments on the current securities exemption structure. In a release yesterday, the SEC asked the public to provide feedback on “ways to simplify, harmonize, and improve the exempt offering framework to expand investment opportunities while maintaining appropriate investor… Read More

IOSCO Looks for Feedback on Consultation Regarding Cryptocurrency Trading Platforms

The International Organization of Securities Commissions (IOSCO) has launched a consultation on “crypto asset trading platforms” or “CTPs.” Crypto exchanges have launched around the world to varying degrees of regulatory compliance – depending on the jurisdiction. IOSCO is the leading international policy forum for securities… Read More

FinTechRat: Germany Publishes Statement on Blockchain Strategy

A document recently published by the Fintech Council of the German Federal Government has outlined the country’s potential approach to blockchain technology. The document is a consultation entitled “Stellungnahme des FinTechRat zur Blockchain-Strategie der Bundesregierung im Rahmen der öffentlichen Konsultation.” The “FinTechRat” is an advisory… Read More

Switzerland Wants to Create the Best Possible Framework for Fintech and Distributed Ledger Technology

The government of Switzerland wants create the very best environment for Fintech, and more importantly distributed ledger technology (DLT) to thrive. The Swiss Federal Council kicked off a consultation last month on the adoption of DLT/Blockchain seeking to “increase legal certainty, remove hurdles for DLT-based… Read More

Consultation: Malaysia Seeks Feedback on Proposed ICO Framework

The Securities Commission Malaysia (SC) has published a consultation on a framework for Initial Coin Offerings (ICOs). The SC is one of many financial regulators that are seeking to better understand digital assets while investigating potential regulatory environments to create an effective ecosystem. The SC… Read More

Initial Coin Offering Consultation by the Australian Government Closes Today

The Treasury of the Australian Government launched a public consultation on the initial coin offering (ICO) marketplace in January and the process closes today (February 28th). The consultation is part of a broader policy initiative to foster innovation in the financial services industry. Like much… Read More

UK Financial Conduct Authority Issues Consultation on “Cryptoassets” Seeking to Provide Clarity on Regulatory Approach

The UK Financial Conduct Authority (FCA) issued a consultation today on the emerging “cryptoasset” sector of finance.  The UK is well known for its thoughtful regulatory approach when it comes to innovative new financial services and the final outcome will be watched with interest around… Read More

South African Authorities Urge Regulation of Crypto Sector, Aim to Do So By End of Q1 2019

Authorities responsible for regulating finance, banking and taxation in South Africa have issued a consultation paper stating that regulation of the cryptocurrency/digital token sector should be enacted forthwith and adjusted to accommodate innovation later: “The IFWG and Crypto Assets Regulatory Working Group is of the… Read More

Central Bank of Israel Requesting Submissions from the Public on How to Regulate “Digital Asset” Sector and DLT for Finance

The Central Bank of Israel is soliciting position papers from the general public regarding how the country should support and regulate domestic cryptocurrency/security token ventures and distributed ledger technology (DLT) for finance in the country. The bank has assembled a team (“The Interministerial Team for Regulatory… Read More

Dubai Financial Services Authority Launches Consultation on Property Crowdfunding

The Dubai Financial Services Authority (DFSA) has initiated a consultation on property crowdfunding. Released last week, the consultation addresses a proposal to add a new subcategory for property investment crowdfunding platforms. The DFSA notes that like many financial services, crowdfunding has evolved. Originally designed to… Read More

Swiss Government Seeks to Improve Framework for Blockchain / Distributed Ledger Technology for Financial Services

Last week, the Swiss Federal Council announced a report on the legal framework for Blockchain and Distributed Ledger Technology (DLT) for the financial services industry. According to the Council, the Swiss legal framework “is well suited to deal with new technologies including blockchain.” Even while noting… Read More

Financial Conduct Authority Issues Consultation on Patient Capital

The UK Financial Conduct Authority (FCA) has issued a consultation paper, alongside a discussion paper, on patient capital. The consultation is in response to a policy push by HM Treasury to increase investment into long-term assets including venture capital plus private equity, real estate and more…. Read More

CFTC Requests Feedback for Consultation on Crypto Mechanics Including Underlying Tech for Ethereum

The Commodity Futures Trading Commission (CFTC) has launched a public consultation today seeking feedback on “crypto-asset mechanics” including Ethereum (Ether) and Bitcoin. The CFTC said the consultation will better inform the Commission’s understanding of the markets for virtual currencies. In a Request for Information (RFI) the CFTC… Read More

BaFin Consultation on Virtual Currencies Scheduled to End this Month

Last month, BaFin, Germany’s security regulator, launched a public consultation on the subject of virtual currencies (or crypto). The regulator has published a draft circular regarding sector due diligence. The BaFin circular seeks a reasonable and risk-oriented approach to virtual currency. The proposed circular addresses credit, financial services, payments and e-money… Read More

Switzerland: FINMA Opens Consultation on New Fintech License Designed to Promote Financial Innovation

The Swiss Financial Market Supervisory Authority (FINMA) has launched a consultation pertaining to Fintech. Switzerland has pursued innovations in finance as beneficial to their banking centric economy. The alpine nation has become prominent in the crypto or initial coin offering sector as many early stage… Read More

FINRA Issues Special Notice on Fintech and the Broker Dealer Industry

  FINRA (Financial Industry Regulatory Authority) has issued a consultation on Financial Technology or Fintech and the Broker Dealer industry. The Special Notice was published at the end of July and is seeking comments until October 12, 2018. FINRA currently has over 3700 member firms… Read More

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