Nonfungible tokens (NFTs) are constantly in the news. NFT platforms are springing up like mushrooms and champions are emerging, such as OpenSea. It is a real platform economy that is emerging, like those in which YouTube or Booking.com gained a foothold. But it is a very young economy — one that is struggling to understand the legal issues that apply to it.Regulators are … [Read more...] about Are NFTs an animal to be regulated? A European approach to decentralization, Part 1
Regulated
How should DeFi be regulated? A European approach to decentralization
Decentralized finance, known as DeFi, is a new use of blockchain technology that is growing rapidly, with over $237 billion in value locked up in DeFi projects as of January 2022. Regulators are aware of this phenomenon and are beginning to act to regulate it. In this article, we briefly review the fundamentals and risks of DeFi before presenting the regulatory context.The … [Read more...] about How should DeFi be regulated? A European approach to decentralization
SEBA Bank launches regulated gold token to enable digital ownership of physical gold
On Dec. 15, SEBA Bank, a licensed Swiss digital assets banking platform, launched a regulated digital token backed by physical gold and exchangeable for delivery. SEBA claimed that due to its regulatory-compliant nature and the low volatility of gold prices, the gold token could eventually be used as a stablecoin for on-chain transactions.In other words, the design of the gold … [Read more...] about SEBA Bank launches regulated gold token to enable digital ownership of physical gold
Institutional Investors Need the Right Partner for a Regulated Crypto World
Through the development of its blockchain and virtual asset ecosystem, Huobi Tech is now a fully compliant one-stop virtual asset service platform in Asia, and a key partner for many institutional customers in the cryptocurrency industry. With its comprehensive suite of licenses, Huobi Tech has formed a virtual assets closed-loop ecosystem that integrates cloud, data center, … [Read more...] about Institutional Investors Need the Right Partner for a Regulated Crypto World
NFTs will not be regulated in crypto-friendly Korea, the ministry confirms
The Financial Service Commission (FSC) of South Korea has restated in a public statement today that non-fungible tokens (NFTs) are not virtual assets and hence will not be regulated.The confirmation to keep NFTs unregulated came after a review of the Financial Action Task Force (FATF) in the US. The guidance report issued by FATF states that “NFTs or crypto-collectibles based … [Read more...] about NFTs will not be regulated in crypto-friendly Korea, the ministry confirms