Quantcast
CRYPTO NEWS AROUND THE GLOBE
Will Europe ban Bitcoin mining?
How to mine without hardware in 2024?
Bitcoin integrates the top 10 of the largest global assets by 2024
Super Bowl: cryptocurrencies will be absent from advertisements once again – Kraken gives its opinion
Binance Remains the Undisputed Leader in the Crypto Sector
France will “escape the dark scenario” of recession, according to the Banque de France
Binance Complies With Regulators and Delists Monero (XMR)
“Bitcoin Spot ETFs, a huge opportunity for Flowdesk” according to Denis Barrier, co-founder of Cathay Innovation
Cryptocurrencies are stabilizing, what to expect for February? Crypto analysis
January saw Bitcoin's highest monthly volume since September 2022
One of Germany's Biggest Banks Could Soon Launch Its Own Crypto Exchange
France: Insurers partner with Doors3 to train in web3
Big tech killed the internet — blockchain can help revive it
Giant Binance launches its platform for registration tokens
Bankrupt crypto exchange FTX abandons idea of ​​restarting
Coinbase hires former UK chancellor as adviser amidst increasing regulatory scrutiny
Binance: after its hefty fine of $4 billion, the exchange is rebounding!
Two months after Changpeng Zhao's departure, Binance on its way to a new hegemony?
Crypto cybercrime in France: what tools to fight?
Crypto: Despite gloomy forecasts, Europe shows high optimism rate
Web3 Distributed AI Training Network PublicAI Raises $2M in Seed Funding Round
CryptoXR: the French web3 event that rocked Auxerre
Meria launches its mobile application to facilitate crypto investment
Bitcoin's recent uptick correlates with reduced open interest in options, analyst points
Crypto funds saw $500 million in outflows last week as GBTC impact subsides
UK looks increasingly isolated in its anti-crypto ETF stance
Robot trading: The best trading bots (2024)
Approval of Bitcoin ETFs: CFTC President calls for more regulation of cryptocurrencies
Bitcoin ETF: for Coinbase, this is the start of a major movement
French startup Sun Zu Lab raises $2 million with backing from Tim Draper
All Crypto News Around The Globe

MANTRA CEO: 'Issuing it [the token] with the proper legal stack behind it is really the challenge'

Web3/Crypto
Webp edited
John Patrick Mullin (second from the right), Co-founder and CEO of Mantra, addresses the complexities of token distribution during his talk at Binance Blockchain Week. | Crypto Republique

John Patrick Mullin, CEO of MANTRA, addressed the complexities of token distribution during his talk at Binance Blockchain Week. He said that while creating tokens is straightforward, ensuring compliant distribution with a "proper legal stack" presents a significant "challenge."

"Creating the token is not the hard part here, right," said Patrick Mullin. "The distribution, doing it compliantly, actually issuing it with the proper legal stack behind it is really the challenge. We're building a permissionless blockchain, but with a permission layer... making sure that anything that's coming on-chain has provable, verifiable provenance, and is done compliantly with the proper regulatory approvals."

According to a report by Osler, Hoskin & Harcourt LLP, the process of tokenizing real-world assets (RWAs) involves navigating complex legal frameworks. These include securities laws, anti-money laundering (AML) regulations, and data privacy statutes. Compliance in these areas is crucial to avoid potential legal issues.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Bitbond's report highlights that regulatory approaches to asset tokenization vary widely across different countries. This variability requires a comprehensive understanding of local laws to ensure successful and compliant tokenization.

A study by Luke Lee explores the intricate legal landscape surrounding digital assets. It analyzes how these assets are defined and regulated as property in various jurisdictions. The intangible nature of digital assets poses unique challenges to traditional property law concepts, necessitating a re-evaluation of legal definitions and ownership frameworks.

Binance Blockchain Week is described on its website as a conference that gathers innovators, founders, investors, regulators, and officials to discuss blockchain and Web3's future. The theme for this year's conference is "Momentum." The website states that "Momentum propels our industry, not only taking us through challenges but also leading us to our biggest achievements."

MANTRA is identified as a blockchain platform focused on tokenizing RWAs while adhering to regulatory requirements. It supports developers and users with low-cost transactions, identity verification, and KYC/AML compliance. Built on Cosmos SDK with Inter-Blockchain Communication (IBC), MANTRA facilitates secure cross-chain transactions, decentralized identity (DID), and governance.

Organizations Included in this History
Mantra
More News

UK’s stringent crypto regulations spark debate as exchanges struggle to gain FCA approval

The UK cryptocurrency market continues to pose challenges for exchanges as they adapt to stricter regulatory requirements. Cryptocurrency exchange Bitget recently relaunched its UK platform after halting services in May 2024 to comply with the UK Financial Conduct Authority’s (FCA) Financial Promotions regime. This relaunch reflects Bitget’s efforts to align with the FCA’s evolving standards, aimed at enhancing consumer protection in the digital asset space.

Nov 24, 2024

Italy backtracks on crypto tax hike amid investor pushback

The Italian government recently announced a plan to increase the capital gains tax on bitcoin and other cryptocurrencies from 26% to 42%. This proposal, part of broader fiscal measures to support election pledges and reduce Italy’s fiscal deficit, has raised concerns among cryptocurrency investors and industry leaders.

Nov 24, 2024

European banking authority issues new guidelines for crypto providers to comply with restrictive measures

On November 14, the European Banking Authority (EBA) released comprehensive guidelines for Payment Service Providers (PSPs) and Crypto-Asset Service Providers (CASPs) to ensure alignment with European Union (EU) and national restrictive measures. These guidelines aim to reduce risks and strengthen compliance when transferring funds or crypto assets.

Nov 22, 2024

New crypto regulations aim to keep startups from 'sailing away' to the U.S.

The UK government is set to introduce new cryptocurrency regulations aimed at countering the growing appeal of the United States as a destination for crypto businesses. In response to concerns of regulatory delays following Brexit, the legislation focuses on establishing a clearer framework for stablecoins and staking activities, with the goal of strengthening the UK’s position as a global hub for digital assets.

Nov 22, 2024

OpenAI chooses Paris as its new home base

OpenAI, the world’s largest artificial intelligence company, has announced it will establish a new base in Paris.

Nov 20, 2024

Crypto investors sound alarm on UK’s capital gains tax hike and regulatory pressure

On October 30, UK Chancellor Rachel Reeves announced a capital gains tax (CGT) rate increase for high-income individuals, raising it to 24%. This change has raised concerns in the cryptocurrency community, where some investors fear that increased tax and regulatory pressures will diminish the UK's appeal for digital asset investment.

Nov 20, 2024

Crypto Comments
Loading...

No comments available.

Trending
1

Crypto investors sound alarm on UK’s capital gains tax hike and regulatory pressure

2

New crypto regulations aim to keep startups from 'sailing away' to the U.S.

3

UK’s digital assets bill brings much-needed clarity to digital asset regulation

4

UK’s stringent crypto regulations spark debate as exchanges struggle to gain FCA approval

5

OpenAI chooses Paris as its new home base