OFAC on developments & adoption of digital assets 

OFAC seeks public comment regarding potential opportunities and risks presented by developments and adoption of digital assets. For consumers, digital assets may present potential benefits, such as faster payments, as well as potential risks…

HMRC consults taxation of decentralised finance

The government aims to establish clear tax and regulatory treatment of cryptoassets to place the UK at the forefront of safe, sustainable, and rapid innovation in cryptoasset and blockchain technologies. DLT uses cryptography to maintain a decentralised database...

Basel on bank’s cryptoasset exposures

Basel Committee publishes second consultation document on the prudential treatment of banks’ cryptoasset exposures. Unbacked cryptoassets and stablecoins with ineffective stabilisation mechanisms continue to be subject to a conservative prudential...

EU on the transparency of crypto asset transfers

EU reaches provisional agreement on transparency of crypto asset transfers. The aim is to introduce an obligation for crypto asset service providers to collect and make accessible certain information about the originator and the beneficiary of the transfers of crypto...