Gilbert Ng’s Post

I am honored to be invited by RD Technologies and The Association of Blockchain Compliance Professionals** to speak at their upcoming event on June 19, 2024. Looking forward to sharing insights and engaging in meaningful discussions with the audience and fellow speakers. See you all there! #RDTechnologies #TheAssociationofBlockchainCompliance #TradFi #DeFi

42 Different Countries Discussed or Passed Crypto Regulations, Legislation in 2023: PwC: More than 20 countries have passed comprehensive crypto regulatory frameworks over the past year, a PwC report shows.

🔍 New #Cryptoregulations in Europe The landscape of #crypto regulations in Europe is evolving rapidly, with the #MiCA regulations set to come into effect in June. Stay ahead of the curve by tracking the progress of the European Union's 27 member states in enforcing these new laws. Discover the progress and implications in the article ⬇️ —— 🌐 If you are seeking effective operational control, risk management, and compliance in your crypto operations, 📩 DM our VP of Sales Emile Davidson to schedule a Free Operational and Risk Audit coupled with Infrastructure Mapping. https://lnkd.in/dGV9MirE CoinDesk #RiskManagement #Compliance #CryptoOperations

𝘈𝘯𝘥 𝘯𝘰𝘸, 𝘵𝘩𝘦 𝘦𝘯𝘥 𝘪𝘴 𝘯𝘦𝘢𝘳 𝘈𝘯𝘥 𝘴𝘰 𝘐 𝘧𝘢𝘤𝘦 𝘵𝘩𝘦 𝘧𝘪𝘯𝘢𝘭 𝘤𝘶𝘳𝘵𝘢𝘪𝘯... 🎙 📞 Don't wait until the last curtain call like Frank sang - 𝐠𝐞𝐭 𝐚𝐡𝐞𝐚𝐝 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐢𝐂𝐀 𝐜𝐫𝐲𝐩𝐭𝐨-𝐚𝐬𝐬𝐞𝐭 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 deadline that's quickly approaching. No regrets! Avoid fines and ensure your business is MiCA compliant by 2025 for smooth operations across the EU. 💳 🌍 #EnjoyIT #BalticAmadeus #Crypto #MiCA #compliance

🌍🤝Global Collaboration: Building Uniform Standards in Crypto. According to my experience, 'jurisdiction diversity' or figuring out which rules or regulations to abide by or follow for your program is one the biggest challenges to building a global #marketsurveillance framework or #compliance program.😅 Ironically, there is a need for enabling #regulation even though #crypto was never intended to be subject to formal regulation. By fostering collaboration and advocating for standardized approaches, the #cryptoindustry can contribute to a #regulatoryframework that promotes innovation while maintaining global #integrity.👇🏽 #cryptocompliance #cryptoregulations #marketethics #globalcollaboration #uniformstandards

In partnership with The Block, this report explores the global regulatory landscape and initiatives aimed at the digital asset ecosystem, examines noteworthy regulatory developments, and explores the complex ecosystem that drives this evolving asset class. Download this report for a comprehensive look at the dynamic regulatory environment surrounding crypto-assets. https://bit.ly/47CS4M7 #crypto #digitalassets #virtualassets

Compliance is crucial for organizations deemed virtual asset service providers (VASPs) by the patchwork of regulations that apply to the blockchain industry. Yet as requirements grow, so too do the costs of the infrastructure and tools needed to meet regulatory guidelines. Over the years, key players in the space have increased prices year over year for services and decreased support for the compliance teams that need it the most. #certik #skyinsights #KYT #KYW

Tonight, EU legislators are hoping to reach a political agreement on the Anti-Money Laundering Regulation. For the crypto industry, here is what's at stake: ◾ Generally, the bill adds more requirements for firms to identify and track their customers’ transactions to apply due diligence. ◾For crypto, that includes a due diligence process for even the smallest transactions worth less than €1000. ◾Merchants will be limited accepting payments from self-custody wallets that aren't linked to a licensed crypto firm. ◾There could be a ban on coins which enhance anonymity, like Monero or Zcash. ◾Crypto mixers, like Tornado Cash, and privacy wallets are dubbed high risk. The European Commission will need to recommend whether to ban these tools 2-3 years after enforcement. ◾ There used to be concern that the AMLR diverges from the scope of MiCA by sweeping in DeFi, DAOs and NFT platforms. But, the AMLR should only apply to entities recognised by MiCA. That means, leaving out purely decentralised protocols. ◾ When the AMLR law will come into force is still in negotiation, but it is expected between 2026 and 2027. For more details, see the full article in the comments.

Market in #Crypto-Assets (#MiCA) is the first #European Union regulatory framework governing crypto assets in Europe. What is the purpose of MiCA regulation? Purpose of MiCA #Regulation The Markets in Crypto-Assets Regulation (MiCA) introduces a fresh #regulatory framework for European crypto-assets, with a primary focus on safeguarding consumers and #investors while mitigating risks to #financialstability. Key Dates: ✅ MiCA Publication: June 9, 2023 ✅ Entry into Force: 20 days post-publication ✅ Full Applicability: December 30, 2024 ✅ Provisions for #StableCoins: Effective from June 30, 2024 We take pride in being part of these #innovations and changes, serving as a fully regulated #crypto service provider. Our commitment to staying abreast of the latest developments and regulatory updates underscores our dedication to maintaining trust, security, and safety—the top three priorities in the #cryptoindustry!

29 janv. 2024 서울신라호텔1:1 Fireside: "#Crypto #Compliance: Understanding #Regulatory #Frameworks" - Speakers: Caroline D. Pham, Commissioner CFTC Jin Kang, Head of Legal Hashed - Korea Blockchain Week (KBW) #KBW "#KoreaBlockchainWeek brings together the brightest minds in the industry to discuss, redefine, and celebrate the future of finance. The action-packed crypto and #blockchain gala features keynote speeches by industry heavyweights, panel discussions by world-renowned experts, and networking opportunities for investors and crypto enthusiasts."