Quantcast
CRYPTO NEWS AROUND THE GLOBE
SEC subpoenas three crypto VCs in sign crackdown is gaining pace
Ripple begins testing its stablecoin RLUSD on XRP Ledger and Ethereum
Solana Hits All-Time High Against Ether, Outperforms Bitcoin in Crypto Rebound
Strike et Bitstamp s’associent pour faciliter l’achat de cryptomonnaies pour les utilisateurs européens
SEC urges court to reject Coinbase’s subpoena request for documents
Bitcoin Tumbles to $53K, Ether Turns Negative for 2024 as Panic Grips Markets
Xapo Bank to offer interest-bearing bitcoin accounts in UK after 'passporting' its license
Crypto: Why Tether's CEO Prefers Bitcoin Over Ethereum
Binance announces Binance Labs investment in aPriori
Whatsapp Warns It May Leave Nigeria Over Order to Pay a $220 Million Fine – News Bytes Bitcoin News
Terra case: Do Kwon will be extradited to South Korea for trial
3 Cryptocurrencies You Absolutely Need to Buy According to This Investor
ByBit leaves France – Why, and how does the competition benefit?
The EU Takes the Reins of AI with Historic Legislation!
Binance Charity, Children of Heroes host camp for Ukranian children
Wage increase: it should exceed inflation in 2025 in France
Think you own your crypto? A new UK law would make sure
XRP Surges 7% Amid Ripple-SEC Settlement Hopes, $600M Token Unlock
Nansen CEO launches memecoin that hits $6 million market cap within a day
Bitcoin to Account for 7% of Global Wealth, Surge in Price to $13M in 21 Years: Michael Saylor
Bitcoin (BTC) is once again approaching $70,000 after 3 weeks of rise
Ethereum plunges by 13% despite the launch of ETH ETFs, while this pre-sale raises more than $7 million
Solana has soared 35% this month. Four experts on where it will go next
Swiss crypto bank Sygnum reports profitability after first-half surge in trading volumes
Ether ETFs See $107M Inflows on Day One as Trading Volume Tops $1B
Crypto throws Celsius defendants potential lifeline in clawback lawsuits, lawyer says
New Fund Offers Bitcoin Holders Path to EU Citizenship
Ferrari to accept cryptocurrency payments in Europe by the end of the month
Binance CEO on company's 7th anniversary: 'we continue to focus a lot on efforts on education, to work closely with regulators'
Any Near-Term Rebound in Crypto Market Likely to Be Temporary: JPMorgan
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

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

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

On November 6, the UK government issued an updated version of the Property (Digital Assets Etc.) Bill, clarifying its approach to defining digital assets, including crypto tokens, as recognized property under English law. The update aims to provide greater security and clarity for individuals and businesses engaging with digital assets.

Nov 20, 2024

Outlier Ventures CCO: People may use a 'more efficient, much less costly system to achieve the same user benefit'

Matt Law, Chief Commercial Officer at Outlier Ventures, said that it would not "surprise" him if many people embrace "more efficient," cost-effective systems like tokenization to gain the "same user benefit."

Nov 16, 2024

Crypto Comments
Loading...

No comments available.

Trending
1

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

2

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

3

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

4

OpenAI chooses Paris as its new home base

5

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