Focus Insight

AMF Establishes New Legal Framework for Digital Asset Service Providers in France

Following the enactment earlier in 2019 of new French legislation to regulate activities related to digital assets (including cryptocurrency but…

30 December 2019

Broad But Not Infinite - OSC Decision Opens Door to Prospectus Offering by Bitcoin Fund; Restrains Use of Public Interest Power

A panel of the Ontario Securities Commission (OSC), consisting of a single commissioner, recently ordered that a Prospectus receipt be issued for a…

27 December 2019

DNB publishes registration form for crypto service providers

The Dutch Central Bank (DNB) has published the draft registration form for providers of crypto services. It is expected that from 10 January 2020…

24 December 2019

FCA consults on how open finance could transform financial services

The UK Financial Conduct Authority (FCA) has published a call for input to explore opportunities and risks arising from open finance. The FCA wants…

23 December 2019

ECB head warns of stablecoins risks

Christine Lagarde, the President of the European Central Bank (ECB), has said that stablecoins will be beneficial only if the risks associated with…

23 December 2019

European Commission consults on regulatory framework for cryptoassets

On 19 December 2019, the European Commission (the Commission) published a consultation document seeking views on the EU regulatory framework for…

23 December 2019

CFTC Proposes Cross-Border Swap Dealer Rules; Chairman Cites Kant in Support and Commissioner Berkovitz References Seinfeld in Opposition

The Commodity Futures Trading Commission and the Securities and Exchange Commission both addressed cross-border swap activity last week. The CFTC…

22 December 2019

Saudi Arabian Monetary Authority Publishes Draft Payment Services Regulation

SAMA will soon regulate payment services that have so far remained unregulated. Both local and offshore payment service providers will likely need to…

22 December 2019

How to challenge the ECB: Lessons from first EU court cases on the SSM

The Single Supervisory Mechanism (SSM) refers to the system of Banking Supervision in Europe that comprises the European Central Bank (ECB) and the…

20 December 2019

Switzerland proposes key amendments to laws on blockchain and DLT technology

The Swiss legislation initiative to accommodate blockchain and distributed ledger technology (DLT) is well underway. After the consultation phase…

20 December 2019

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