TRM Labs’ Post

🔊 #FIT21 has been generating a massive buzz in the #crypto community today. However, many still do not fully understand its significance to the #cryptocurrencies. 🧠In the latest article, Yellow Capital addresses the Act, explaining what #FIT21 is and what it brings to the crypto market. Follow the link to learn more⤵️ https://lnkd.in/etUfgBmy

DigiByte, a decentralized UTXO blockchain, now has an allocated ISIN number. This comes as the network reaches a significant milestone of over 19 million blocks with zero downtime over the last decade. DigiByte's commitment to security and reliability is evident through this impressive achievement. #DigiByte #Blockchain #ISIN #Security #Reliability

🚀 Today is MiCA Day! 🚀 30 June 2024 marks a significant milestone in the regulation of the crypto-asset market within the European Union. The Markets in Crypto-Assets #MiCA regulation, which aims to harmonize and streamline the regulatory landscape, officially rolls out. Key Compliance Requirements: 🔹 Crypto-Asset white papers: All crypto-asset issuers must produce and publish whitepapers that are machine-readable, ensuring transparency and accessibility. This step is crucial for enhancing investor protection and fostering trust in the crypto market. 🔹 Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF): Crypto-asset service providers, such as exchanges and custodians, are required to comply with stringent AML and CTF regulations, aligning with traditional financial institution standards. 🔹 Consumer Protection and Market Integrity: Comprehensive rules are in place to protect retail investors, ensure market integrity, and promote financial stability. This includes detailed disclosure requirements and the prohibition of misleading information. 🔹 Environmental Impact: Issuers must disclose the environmental impact of their consensus mechanisms, promoting more sustainable blockchain technologies. The Need for Machine-Readable Whitepapers: In today's digital age, it is imperative that regulatory disclosures are not only human-readable but also machine-readable. This enhances the efficiency of compliance checks and facilitates automated analysis and validation processes. MiCA mandates the use of structured data formats for whitepapers, bridging the gap between traditional financial disclosures and modern digital asset reporting. Join the Conversation: We invite all stakeholders, from crypto-asset issuers to investors and regulators, to join us in celebrating MiCA Day. Let’s embrace this new era of transparency, compliance, and innovation in the crypto-asset market. Stay compliant. Stay informed. Stay ahead. #MiCADay #CryptoRegulation #Blockchain #Fintech #Compliance #Transparency #Innovation #MachineReadable #CryptoAssets #EURegulations #iXBRL #WeAreAllPacioli

🚀 Today is MiCA Day! 🚀 June 30, 2024 marks a significant milestone in the regulation of the crypto-asset market within the European Union. The Markets in Crypto-Assets #MiCA regulation officially rolls out today, aiming to harmonize and streamline the regulatory landscape. Key Compliance Requirements: 🔹 Crypto-Asset White Papers: All crypto-asset issuers must now produce and publish machine-readable whitepapers. This ensures transparency and accessibility, enhancing investor protection and fostering trust in the crypto market. 🔹 Consumer Protection and Market Integrity: Comprehensive rules are in place to protect retail investors, ensure market integrity, and promote financial stability. This includes detailed disclosure requirements and the prohibition of misleading information. 🔹 Environmental Impact: Issuers must disclose the environmental impact of their consensus mechanisms, promoting more sustainable blockchain technologies. The Need for Machine-Readable Whitepapers: In today’s digital age, it's imperative that regulatory disclosures are both human-readable and machine-readable. This enhances the efficiency of compliance checks and facilitates automated analysis and validation processes. MiCA mandates the use of structured data formats for whitepapers, bridging the gap between traditional financial disclosures and modern digital asset reporting. Join the conversation and visit Pacioli.ai at www.pacioli.ai to be educated and reactive to regulatory changes and challenges! I invite all stakeholders, from crypto-asset issuers to investors and regulators, to join in celebrating MiCA Day. Let’s embrace this new era of transparency, compliance, and innovation in the crypto-asset market. Stay compliant. Stay informed. Stay ahead. #MiCADay #CryptoRegulation #Blockchain #Fintech #Compliance #Transparency #Innovation #MachineReadable #CryptoAssets #EURegulations #iXBRL #WeAreAllPacioli Jason Meyers

Interesting concept piece on a contemplated self-regulatory organization approach for crypto and other digital assets. Thanks, Alma M. Angotti and Guidehouse team! #crypto #digitalassets #derivatives #securities #regulation https://lnkd.in/eywdKdnX

For digital asset adoption to fully flourish, investor confidence in their security is essential. Our co-CEO & CTO Robert Johnson caught up with CCN to discuss how effective custody is pivotal for both institutional and individual investors in this evolving market. Read more here: https://lnkd.in/dh4gbabP #Custody #TheTrustedCustodian #Crypto #DigitalAssets

I got my 👀 on you. 📍 U.S. Securities and Exchange Commission accusing Kraken of illegally operating unregistered securities exchange functions is the #regulatory spotlight reckoning crypto this week. ➡ In our latest blog, we decode must-know lessons for enterprises embracing digital assets. We unpack 1️⃣ Allegations spanning years of non-transparent operations, 2️⃣ Deficient #assethandling controls that commingled funds, 3️⃣ Conflicts of interest, and 4️⃣ Disclosure gaps around a lucrative #staking program. ➡ As crypto integrates with #finance, regulatory standards will only tighten across the stack ➡ Whether within crypto native enterprises or traditional institutions eyeing #digitalasset exposure, this spotlight necessitates re-evaluating foundational regulatory, #compliance and #governance practices. ➡ The regulatory roadmap cannot be paved without the participation of both public/private stakeholders. The dialogue around the importance of a structured #regulatoryframework will be essential for #cryptoeconomy to thrive and put more public trust into the ecosystem. ➡ Read the blog here: https://lnkd.in/d2rn52se Merkle Science

Earlier this month, the Isle of Man Financial Services Authority opened a public consultation into the future of Crypto-Asset Activities, which closes on 9th April 2024 📆 In the article below, Kurt Roosen, Head of Innovation at Digital Isle of Man, explores why it is important to express your views in this area 💭 🔗 https://lnkd.in/esXqYruE To go directly to the public consultation, visit: https://lnkd.in/eyeeUzmw #isleofman #iomfsa #publicconsultation #crypto #cryptoassets

During Token2049 in Singapore, we spoke with Richard Ma, the CEO of Quantstamp. In our interview, he shared how his crypto journey started (spoiler - it's a hack), what he thinks about audits, their credibility, and much more! Check it here - https://lnkd.in/dszRv47Z

In 2023, the crypto landscape unfolded against a backdrop of regulatory shifts, legal battles, and market dynamics. #Binance #BTC #ETF #FTX #Ripple #SEC #XRP https://lnkd.in/dNkwkpix