This new craze is buzzing on social media platforms and appearing in conversations at dinner tables. Twitter has become the hub of information for all things NFT, and celebrities are spending millions of dollars on “JPEGs.” So, what are NFTs exactly?
Blockchain technology has made possible fully digitalized and decentralized interaction, offering security and transparency, two key points for preventing money laundering and terrorist financing (AML & CTF), mainly in applying KYC measures by obliged subjects. So ensuring the authenticity of documents and customers’ identities is crucial; this article will focus on Digital Identity.
Legal tender is any payment instrument recognized by law that allows citizens to satisfy financial and legal obligations in their jurisdictions. It can be used to emit payments, p.e a mortgage using crypto, or to pay taxes or fines. If you want to know more about the legal tender’ status for crypto-assets, restrictions or its implications for citizens, and why the categorization is crucial for Crypto mass adoption?
Decentralized finance or DeFi is a broad and complex topic. The article analyses the issues in regulating DeFi and how projects can best prepare themselves for potential future regulation.
Anti-Money Laundering (AML) regulation is becoming more important every day. Not only for “traditional” obligated subjects of AML regulations such as the financial sector, real estate, lawyers, etc. but also for Virtual Asset Service Providers (VASPs).
This article brings us complete rundown information of Anti Money Laundering, Counter Financing of Terrorism, and Sanctions from a legal and basic perspective worldwide.
Loans are one of the oldest financial instruments used in history that have evolved and served to finance all kinds of economic human activities and endeavors. Now, Blockchain Technology offers us a new type of loan using crypto as collateral called “Crypto Lending”.
Anti Money Laundering regulation of Virtual Asset Service Providers from a legal and crypto regulation perspective worldwide. Despite the lack of a general legal framework, it can be said that, especially in the field of Anti Money Laundering (AML) regulation, noticeable progress has been made.
Would you like to know more about What are the money laundering risks related to VAPSs? or What is the current AML regulation for VASPs globally?
Sharding in blockchain attempts to improve decentralized network throughput and scalability across many protocols. Nevertheless, this process still faces several issues in the path to success, like operational complexities and latency. Sharding represents a true challenge in many ways.
The rise of cryptocurrencies and blockchain-based solutions in Asia shapes the continent as a breeding ground for emerging technologies. A new era for the digital economy has started!
As Bitcoin (BTC) and crypto, in general, are going mainstream, we will see a further rise of physical Bitcoin ATMs near our homes. It is a good thing and will further facilitate the adoption of crypto. However, it is essential to adequately manage the physical and cyber risks related to Bitcoin ATMs to protect the general public.
The next evolution for the Internet, Web3, is called to revolutionize how we create and share data. Users will genuinely own and control their data for the first time, all of this thanks to decentralised protocols such as NEAR Protocol and projects like QSTN.
Blockchain technology has positioned itself as one of the leading disruptive technologies worldwide, and it can be applied in solutions that contribute to achieving Sustainable Development Goals.
Blockchain and DLTs are disrupting all industries around the globe, and the videogame industry is no exception. Also called “Crypto Games” or “P2E Games”, these dapps are revolutionizing our concept of ownership of characters, accessories, or items inside video games, with the help of NFTs, DAOs, and DeFi. Whether mobile or PC, we’re sure that …
On Monday, November 15, 2021, President Biden signed into law the Infrastructure Investment and Jobs Act (the “Act”). The Act, designed to improve the nation’s public transit, broadband access, and the power grid, also outlines methods to pay for the infrastructure changes, including more targeted reporting requirements.[1] Through these reporting requirements, cryptocurrencies have been thrust …
The U.S. Infrastructure Bill: How is Crypto Impacted? Read More »
The Legal Guild has been formed to provide legal expertise and support to NEAR projects, DAOs, and entrepreneurs, at a time when different regulations on crypto and blockchain can be problematic for industry enthusiasts. From research and direction to work with specific projects, to outlining boundaries for DAOs and the issuance of tokens, the Legal …
Let’s start settling our base ground defining “What falls under the definition of a Crypto-asset?” According to the official definition given by the European Union (EU): “Crypto-Assets are digital representations of value or rights that have the potential to bring significant benefits to both market participants and consumers. By streamlining capital-raising processes and enhancing competition, issuances of crypto-assets …
What are DAOs? To the uninformed, Decentralized Autonomous Organizations (DAOs) likely come off as simply one of the latest marketing ploys in the crypto space, but to the informed, they fundamentally change how companies can be run and governed. In the simplest terms, DAOs are organizations that operate under the same basic concepts as a traditional company, …
Since its publication early in 2018, we hear a lot about the European data protection regulations (GDPR) REGULATION (EU) 2016/679 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of April 27, 2016 for the protection of natural persons with regard to the treatment of personal data and the free circulation of these data and by which Directive 95/46 …
Data Protection and Blockchain in the European Union Read More »
Getting a startup off the ground is not always an easy feat, especially when it comes to crypto-related ventures. With blockchain technology still in its infancy, crypto startups face various financial, regulatory, and operational challenges that impact their success. In this article, I share some lessons for founders working in operations in crypto startups. Most of …
Business Ops Lessons for Crypto Project Founders Read More »
What are Smart Contracts? Smart Contracts are computer codes created in a blockchain, like Ethereum or NEAR Protocol, that facilitate the verification and execution of settings when certain conditions are met. These smart codes allow the exchange of money, property rights, or anything else of value in an automated, transparent way and without the necessity …
Although there are many initiatives and steps already taken towards the improvement of identity and identification in the business world that try to incorporate Blockchain as a disruptive technology, the truth is that the traditional problem of identification through centralized entities has not been successful; an equanimously agreed answer or solution has yet to be …
The relationship between the Fifth Directive on Money Laundering (2018/843) and the GDPR (EU 2016/679) has not ceased to be thorny since the promulgation of the first directives of the previous legislation. The need to access and share identifiable information of certain natural persons must be limited and comply with the Directive and the basic principles …
The Legal Guild finished out October with not only a successful month of community building and engagement, in depth legal content creation for the community, and internal team building, but an amazing experience at NEARcon 2021! Attending our first NEAR Protocol official event in person was an opportunity to discuss, learn, network, and get into the …
