World Economic Forum discusses cryptocurrency technology as France Requires cryptocurrency companies to seek authorization from regulators
In this edition of the BSV Blockchain Gazette, read more about the U.S. Department of Justice's upcoming international cryptocurrency enforcement action, the SEC's most recent crackdown on cryptocurrency companies, and the World Economic Forum 2023's discussion of the utility of the technology underlying cryptocurrencies. Moreover, France's National Assembly has adopted plans to require cryptocurrency companies to seek authorization from regulators if they are not already registered with French financial regulators by January 1, 2024.
The BSV Blockchain Gazette is presented to you by BSV Blockchain Association’s Global Policy Director, Bryan Daugherty, CCI, CBI, SME , featuring:
DOJ Announces International Cryptocurrency Enforcement Action at Press Conference
The Department of Justice announced that it will hold a press conference today, January 18, at 12pm, where Deputy Attorney General Lisa Monaco will announce an international cryptocurrency enforcement action. Other speakers will include Assistant Attorney General Kenneth Polite, Jr. of the Justice Department's criminal division, U.S. Attorney Breon Peace of the Eastern District of New York, the FBI's Associate Deputy Director Brian Turner and the Treasury Department's Deputy Secretary Wally Adeyemo. The DOJ’s statement did not provide additional details.
SEC Cracks Down on Cryptocurrency Companies with Enforcement Actions
Politico published an article on January 18 outlining the SEC’s recent crackdown on cryptocurrency companies, including its enforcement actions against the cofounders of Gemini and Genesis.
领英推荐
World Economic Forum 2023: Traditional Finance Actors Discuss Utility of Cryptocurrency Technology
The World Economic Forum 2023 annual conference began this week and has included discussion around the utility of the technology underlying cryptocurrencies, rather than the assets themselves. So far, conversation on the topic has included a panel from actors in the traditional finance space, including PayPal President and CEO Dan Schulman, who said, “it’s important not to conflate cryptocurrencies and CBDCs, stablecoins and DLT …. they’re very different…The promise of a distributed ledger is that it can be faster and cheaper, to settle transactions simultaneously with no middlemen. That’s an important thing.” New York Stock Exchange President Lynn Martin made similar comments.
France's National Assembly Adopts Plans to Require Cryptocurrency Companies to Seek Authorization from Regulators
France’s National Assembly adopted plans on January 18 to require cryptocurrency companies in the country to seek authorization from regulators to operate if they are not already registered with French financial regulators by January 1, 2024.
New eBook: The Fallacy of Private, Permissioned Blockchains
Bryan Daugherty's new eBook provides an in-depth look at the misconception that private or permissioned blockchains are more secure than public ones. It explores the complex problem of Internet walled gardens and suggests a native digital cash system as a solution. It also explains how Bitcoin’s security depends on its public ledger and how permissioned blockchains fail to provide the same level of security. Lastly, it provides insight into how public blockchains provide added value by serving as public sources of truth.