CRYPTO NEWS AROUND THE GLOBE

Wife of Binance exec ‘expected a lot more’ from US as husband languishes in Nigerian prison

Norwegian government freezes and returns $5.7 million connected to Ronin hack

Breaking: Robinhood to Acquire Bitstamp Crypto Exchange in $200 Million All-Cash Deal

Former Federal Prosecutors, Agents Ask U.S. Sec. Blinken to ‘Step Up’ Efforts to Secure Detained Binance Exec’s Release

HOOD Stocks Will Explode, It's the Deal of the Century According to Experts

Bitcoin - European Central Bank (ECB) Reopens the Floodgates

SEC’s Gary Gensler ditches favourite crypto broadside

Will Dogecoin hit $1 in June? What the forecasts tell us

Author: U.S. citizen detained in Nigeria is being 'denied proper medical treatment for malaria'

France: Lugh announces the end of its stablecoin EURL – Why?

Europe: Bitpanda announces major partnership with Deutsche Bank

What are the 5 cryptocurrencies that performed best in May 2024?

Binance to restrict 'unauthorized' stablecoins in EU starting June 30, urges users to switch to regulated tokens

Ethereum ETF: 3 reasons for future failure for JPMorgan

SpacePay Brings Crypto To Traditional Commerce Using Revolutionary Payment Software – Next Big Altcoin of 2024?

Crypto: The impact of the European elections on regulation

“We must change this peremptory tone”: Bruno Le Maire tackled by the Finance Commission on the public deficit

Bitcoin and gold: A growing correlation to closely monitor

Franklin Templeton files amended S-1 for spot Ethereum ETF, lists 0.19% fee

Breaking: DMM Bitcoin Loses 4,502.9 BTC in $305 Million Crypto Hack

A crypto developed thanks to ChatGPT has gained more than 2,000%

DeFi Data Firm API3 Raises $4M in Funding Round Led by DWF Labs

SEC condemned for abuse of power

The U.S. Response to Binance Exec Tigran Gambaryan's Detention Is Shameful

Binance France drops CZ and names two new shareholders to preserve European foothold

Jailed Binance exec in Nigeria is struck by malaria amid anguished pleas from his lawyers and family

SOL, XRP Could Be Possible Candidates for ETFs, Standard Chartered Says

The Paris stock exchange falls as the Fed delays cutting its rates

DOGE: Kabosu, the dog behind the memecoin Dogecoin, died at the age of 17

Ethereum spot ETF (ETH): SEC approves plans from NYSE, CBOE and Nasdaq

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

John Patrick Mullin | Crypto Republique

By Crypto Republique

Nov 10, 2024

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

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

Crypto Comments

Loading...

No comments available.