Oghale Enuku, LL.M的动态

FCA swiftly bans a brand new startup from committing crypto crime. A new Crypto startup is now prohibited from continuing UK promotions within one year of its launch – and?who said the Financial Conduct Authority moves slowly? The young brand, Pump.fun, launched in January 2024 and is becoming famous for having removed basically all of the friction imaginable from creating, launching and trading tokens, predominantly 'memecoins', with zero technical expertise... It costs about $3 per digital asset launch. This story has come at a time when the UK FCA has promised a new regulatory framework for crypto assets with completion stretching into 2026, in the hope it might remain a leader in Fintech (including digital assets). Meanwhile the US and EU have already achieved or finalised what digital assets are defined as. I think this really is an interesting time for regulatory and compliance bodies across the globe, as digital assets become more popular, widespread while regulation and compliance is powered by manual, outdated processes.

"???????????? ??????????????*: ???????????????? ???????????? ???????????? ???????????????????? ????????-?????????????? ???????? ???????????? ?????????????????? ?????????????????????? ?????? ???????????????????????????? ???? ?????? "???????????? ????????" for VASPs, to include closer monitoring of stablecoins, DeFi platforms, and unhosted wallets due to their potenential use in ML/TF. ????????’?? ?????????? ???????????? ?????? ?????????????????? ???? ???????????????????? ?????????????????? in S/E Asia, recommending criminalizing the operation of unlicensed VASPs, highlighting connections with organized crime. ????????????????’ ?????? ?????? ?????????????????????? ?????? ??????/?????? ?????????????????????? ?????? ?????? ????????????????????, particularly for digital asset firms dealing with higher-value transactions, emphasizing customer ID verification and trx monitoring. ????????’?? ??????'?? ?????????????????? ?????????? ?????????????????? ?????????????????? ?????? ????????, detailing procedures for the authorization of asset-referenced tokens (ARTs) issuers, set to be fully effective from late 2024/early 2025. ??????????????????????’?? ?????? ?????????????? ???????????????? of several non-compliant digital payment providers failing to meet updated regulatory requirements and imposes fines. ??????????????’?? ???????? ?????????????????? ?????? ?????????????????? ????????????????????, requiring crypto service providers to adhere to strict standards for marketing practices;?Tether to launch UAE Dirham-pegged stablecoin on the TON blockchain. ?????????????? ??????????’?? ?????? ?????????????? ????% ???????????????????????????? ??????, reflecting ongoing regulatory adjustments. ??????????????'?? ?????? ???????????????????? ???????????????? ???????????????????????? for cryptocurrency exchanges to combat fraud and scams. ??????????????????’?? ????????-???????????????????? ???????????? has dropped a money laundering case against a top crypto-executive, to allow him to get medical treatment abroad. ?????????????????????? ???????????????????? ?????? ?????? ???????????? ?????????????? aiming to address concerns around unreported crypto gains. ????????????????’?? ?????? ?????????????????????? ???????????????? ?????? ???????????????????????? ?????? ???????????? ?????????????????? to combat illicit crypto activities, including enhanced KYC protocols and mandatory trx reporting for large transactions. ?????????????? ????????????’?? ???????? ???????????????? ?????????? ?????????????????????? ???????????????????? ???????????????? ???????????????????? for crypto investors, mandating CASPs to adhere to specific registration and conduct standards. * This is a selection of crypto-related global regulatory developments. "Crypto Sheriff" is a new character, to add a face to this monthly series. Image credits to my daugther Anastasia Tsea, an aspiring digital artist https://lnkd.in/d_uMdyuN

?? ?????? ?????? ?????? ???????????????? ???????????? ?????????????????????? ???? ???????? The world of crypto regulations is evolving rapidly, and as a venture capital (VC) firm, understanding these changes is crucial for making informed investments. Here’s a guide to navigating the complex regulatory landscapes in 2025 across the EU and Switzerland, with a focus on specifics such as licensing, compliance, and transparency requirements. ___________________ ???? ???????????????? ??????????: ???????? ???? ???????? ?????????? With the ?????????????? ???? ????????????-???????????? (????????) regulation now in effect, the EU has standardized crypto regulations across its member states. ?????? ???????????????? ???? ????????: ? ???????? (????????????-?????????? ?????????????? ????????????????) ??????????????:?Required for exchanges, wallet providers, and trading platforms. ? ??-?????????? ?????????????????????? (??????) ??????????????:?Needed for businesses issuing stablecoins classified as e-money. ???????????????????????? & ?????????????? ????????????????????????: ? Stablecoin issuers must maintain ??:?? ???????????????? for issued tokens and provide monthly transparency reports. ? ???????????????????? ????????????????????????: Startups launching utility tokens must publish a compliant whitepaper, detailing the token’s functionality, risks, and financial model. ???????????????? ?????? ???????? (?????????????????????????? ???????????????????? ??????????????????????????): ? DAOs operating in the EU must register as legal entities to comply with MiCA. ? Governance models must meet ????????-?????????? ???????????????????? (??????) and ????????-????????-???????????????? (??????) standards, including verifying participants’ identities. _____________________ ???? ??????????????????????: ??????????’?? ????????????-???????????????? ???????????????? Switzerland remains a crypto haven due to clear regulations and a supportive environment. ???????????????? ?????? ???????????? ????????????????: ? ?????????? ?????????????? ??????????????: Designed for startups managing up to CHF 100 million in public deposits, excluding lending activities. ? ?????????????? ??????????????: Required for platforms offering custody or lending services involving crypto assets. ???????????????????????? ????????????????????????: ? Companies must implement strict AML/KYC policies and maintain transaction logs for potential audits. ? ?????????? ????????????????????????????:?FINMA classifies tokens as payment, utility, or asset tokens, with different compliance requirements for each category. ____________________ By understanding and adapting to the regulatory specifics in each jurisdiction, VCs can confidently invest in crypto startups poised for long-term growth. STAY TUNED & LOVE CRYPTO! ?? ?? #CryptoVC #MiCA #CryptoCompliance #DAOs #VentureCapital #BlockchainLaw #CryptoRegulations #Stablecoins #Tokenization

In a compelling #dialogue, #Binance CEO Richard Teng delved into the #company's strategic initiatives to enhance #compliance and #transparency. Highlighting the expansion of Binance's compliance team and #budget, Teng emphasized the company's proactive approach to navigating regulatory complexities. Significantly, Teng announced the formation of Binance's inaugural #board of #directors, led by industry veteran Gabriel Abed. Comprising luminaries like Richard Teng himself, this esteemed board marks a major step towards enhanced #governance and regulatory #compliance within #Binance. What other topics did he tackle? Read on to know more?? #cryptonews #cryptoregulation #parisblockchainweek #richardteng #cryptoexchange https://lnkd.in/dEtDggyd

Have you heard about MiCA? This digital asset legislation aims to create a more regulated and safer environment for the crypto industry. ???? ?????? ???????? ?? ???????????????????????????? ????????????????, ???????? ?????????????? ???????? ???? ???????? ?????????????????? – read on about the details of the crypto-assets law below as I explain it in simple terms. ???????? ???? ????????? ?????? ???? ???? ??????????????????? The European Union established the Markets in Crypto-Assets law, or MiCA, as a complete framework for regulating digital assets. This rule is significant because it aims to safeguard investors and promote innovation in the cryptocurrency sector, making the environment safer for both consumers and businesses. ???????? ???????????? ???? ???????? – ?????? ???? ?????????? MiCA follows an organized strategy that includes many fundamental mechanisms:? - Licensing Framework: To operate lawfully, cryptocurrency service companies must get licenses from national authorities.? - Consumer Protection Measures: Clear criteria have been created to protect investors from fraud and keep them informed.? - Market Integrity Protocols: Rules are implemented to avoid market manipulation and insider trading, hence fostering fair trading practices.? - Regulatory Oversight: National authorities monitor compliance with MiCA rules to ensure that standards are maintained among member states.? - Phased Implementation: The legislation was implemented by December 30, 2024, having given companies time to adjust before complete compliance. ?????? ???? ???????????? ???????? ?????????????????????? Businesses should adopt an organized strategy that incorporates the following crucial actions in order to successfully adhere to MiCA and guarantee compliance: - Assess Compliance Status: Perform an internal audit to detect holes in your AML and KYC procedures, risk management frameworks, and financial reporting.? - Develop a Compliance Plan: Create a detailed strategy to fix identified deficiencies and prepare your firm for the MiCA licensing procedure.? - Consult Experts: Work with legal and regulatory experts to manage the complexity of MiCA and assure compliance with its obligations. ?????????????????? ???? ???????? ???????????????????? MiCA is an important step in the direction of establishing a fair regulatory framework for cryptocurrencies. By giving companies clear criteria, it not only protects customers but also encourages innovation. Success in the B2B crypto space will depend on your ability to keep up to date on MiCA as we traverse this changing terrain. Are you prepared to follow these changes in regulation?

?? Tether just hired PayPal's former expert to navigate regulatory checks! It's a big move aiming to balance innovation with compliance. What does this mean for the crypto world? ?? Discover insights into Tether's strategic approach as they lead the charge to align with evolving regulations. Can this be a template for other crypto companies? ?? Join the conversation and explore the future of crypto compliance! ?? #Crypto #Regulation #Innovation #Leadership

New York Startup Challenges SEC's Allegations of Operating Unregistered Exchange According to Bloomberg, a New York-based startup has recently contested allegations that it operates as an unregistered exchange and broker dealer. The company, Uniswap Labs, responded to the Securities and Exchange Commission (SEC) on Tuesday, arguing that the SEC's case is based on the incorrect assumption that all tokens are securities. Uniswap Labs stated that if the SEC were to sue them for operating as an unregistered exchange, it would risk a negative decision regarding its authority over crypto tokens. This could potentially limit the definition of 'exchange' in a way that could undermine the SEC's pending rulemaking in this area. In their 40-page response, Uniswap Labs declared their readiness to litigate if necessary, expressing confidence in their potential victory. They argued that their UNI tokens, which serve as the governance token for Uniswap, do not qualify as securities. This is because their token distributions do not meet the requirements of the Howey Test, a legal framework that defines investment contracts based on a Supreme Court ruling. Furthermore, Uniswap Labs disputed the SEC's claim that LP tokens, a special type of token a user receives when they invest money into a pool on Uniswap to facilitate trading of different tokens, are securities. The company explained that LP tokens are used as a bookkeeping device to track the assets provided by the user to the smart contract and any fees earned on the user's liquidity. They emphasized that LP tokens are issued not for investment purposes, but as accounting tools, and therefore, they are not securities. #SEC #ETF #DeFi #Metaverse #crypto #compliance #news #virtualcurrency #law #USA #India?#Tokenization Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.

My 2024 #LinkedInRewind, by CoAuthor.studios. Coauthor is a cool tool that provides insights into your Linkedin activity at no charge. I took the bait and tried it. It also used AI to generate a post, which I have tweaked and included below. Check it out. Hope you enjoy the intros to cool free tools. Enough about that...here is my year end wrap up. Next....my 2025 resolutions post. - Year End Wrap Up - When I moved from Meta's massive compliance machine, to founder, and then to Kraken's crypto frontier, everyone asked: "Are you crazy?" Turns out, being a bit "crazy" is exactly what sanctions compliance needs right now. ?? 2024 wasn't just a career transition - it was a mission to prove that compliance is possible in Crypto. It was a mission to prove compliance isn't only about blocking; it's about building bridges. Bridges between traditional finance and the awe inspiring world of digital assets. 2024 Key Milestones: ? Promoted to Sanctions Senior Director at Kraken, ? Honored to be asked to also lead OnChain Product Compliance, ? Named to Innovate Finance's Women in Fintech Powerlist (Standout45 & Top 10 in Policy/Regulation) ? Launched groundbreaking sanctions risk assessments, frameworks, program benchmarking for crypto ecosystems, ? Did tons of reading on L2, Builders, Relays, Validators, Sequencers, and Relayers just to name a few ? Continued to build an amazing network of compliance, legal, and crypto friends and peers ?? Looking Ahead to 2025: My mission remains crystal clear (pun intended). We're not just managing risks - we're reshaping how financial compliance works in a digital world. Every regulation navigated, every sanctions framework designed is a step toward making digital finance more transparent, secure, and responsible. Massive gratitude to my incredible husband, who's been my rock through every professional metamorphosis, my supportive boss, and to the compliance community that continues to challenge, inspire, and push boundaries. Here's to building bridges, not walls. ?? #CRYPTO #Solana #memecoins #CryptoCompliance #Sanctions #WomenInFintech #LinkedInRewind #2024Wrapped #Coauthor #EU #UK #LifeatKraken #Dublin #USA #Innovation -- Get your 2024 LinkedIn Rewind! Go to coauthor.studio