Nearly 15 years ago, an enigmatic pseudonym unveiled the Bitcoin whitepaper, introducing a revolutionary alternative to government-controlled money. What started as an idea soon earned its place as the digital equivalent of gold. And with it, the era of public blockchains was born.
Inspired by the ethos of decentralization, we set out to eliminate the
The NPV aims to promote growth and international competitiveness by advancing open banking, re-evaluating the approach to regulating the sector, and continuing the fight against fraud.
By Brett Carr, Christian F. McDermott, and Stuart Davis
On 14 November 2024, the UK government published the National Payments Vision (NPV or Vision), which represents the
The resource aims to provide a comprehensive, voluntary framework to enhance transparency in the digital assets market and enable informed decision-making for potential buyers.
Stakeholders have until January 31, 2025, to submit comments on the “Proposed Information Guidelines for Certain Tokens Made Available in the United States” (the Guidelines), which
In this issue:
Crypto Exchanges and Stablecoin
In this issue:
FINRA begins a dialogue with financial market participants about the metaverse’s potential opportunities, applications, and risks.
By Jenny Cieplak, Ghaith Mahmood, Stephen P. Wink, Naim Culhaci, and Deric Behar
On October 24, 2024, the Office of Financial Innovation (OFI) of the Financial Industry Regulatory Authority, Inc. (FINRA) published “The Metaverse and the Implications for the Securities Industry” (the Report).
FINRA cited current estimates that around 37.6 million users spend over $28 billion a year in metaverse platforms, with economic growth projected to reach $5 trillion by 2030. OFI therefore consulted with securities firms and other financial institutions, hardware and software providers, academics, industry observers, and government entities to better understand the opportunities and risks that metaverse platforms may present for the US financial industry. The Report outlines OFI’s findings and covers an overview of how it defines “the metaverse,” market trends, potential applications for metaverse platforms that the securities industry is exploring, potential use cases, challenges and related factors associated with metaverse platforms, and potential regulatory considerations.
In the fast-moving digital age, some ideas are so revolutionary they simply… gather dust. Yes, you heard that right—revolutionary ideas gathering dust. It sounds almost sacrilegious, but it’s a thing. As Packy McCormick recently laid out in his essay, the world isn’t short on groundbreaking concepts; it’s short on making those concepts a
In this issue:
Integrations Connect Crypto and Fiat Financial Products
By John Robertson
This week saw the announcement of three cryptocurrency payments partnerships. In
The rule aims to reduce market concentration by guaranteeing consumer access to personal financial data, but faces strident criticism and immediate legal challenge.
By Arthur S. Long, Parag Patel, Barrie VanBrackle, Pia Naib, Mik Bushinski, and Deric Behar
On October 22, 2024, the Consumer Financial Protection Bureau (CFPB) finalized the
In this issue:
Crypto Integration Initiatives Continue, Crypto Exchange Data Published