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The latest developments from the world of Blockchain Finance & Regulation
#63
Happy Thursday!

Our newest issue is here again and we've got varying news from all around the globe, highlighted by the latest from the Digital Dollar Project, Telegram's squabble with the SEC and a new crypto card from VISA. For longer reads we've got an interesting piece from the Boston Consulting Group as well as an overview of the state of crypto crime by CipherTrace. The last few weeks have however seen a slight drop in investment activity as seen in the absence of 8-digit deals.

Enjoy the read!

QUOTE

“When we do big things in the United States as we did with the space program, as we did with the internet, it’s almost always a very healthy partnership with the private sector and the public sector, with each learning from each other, with the private sector … bringing innovation to bear and the government looking out for core principles of privacy and individual rights and liberties and getting that balance,”

 U.S. Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo on the Digital Dollar's future development

NEWS

💳 VISA approves a new DeFi-enabled crypto card for the EU and the UK.

🚫 The Swiss government denies the Crypto Valley's hopes for a coronavirus bailout.

🤲 A French renewable energy firm's upcoming ICO has been approved by the country's regulator.

⌛ Telegram's battle with the U.S. Securities Exchange Commission comes to an end as the messaging giant moves away from its crypto plans.

📰 The Digital Dollar Project has issued its very first whitepaper, containing a framework for the development of a U.S. CBDC. 

⚖️ JPMorgan Chase pays a $2.5 million settlement for its cryptocurrency fees lawsuit.

🧱 Russia likely to drop an 'iron blockchain curtain' and businesses are anything but happy.

🧱 India gives a green light for banks to service crypto companies.

LONGER READS

🔮 Get Ready For the Future of Money: Boston Consulting Group Paper on Digital Currencies

🕵️ Spring 2020 Cryptocurrency Anti-Money Laundering Report by CipherTrace

NEW DEALS

🏦 Crypto bank Avanti secures $5 million in its latest funding round.

🧙‍♂️ Magic raises $4 million to make passwordless login a reality.

📟 Numerai bags in $3 million via a token sale with participations from Union Square Ventures and Placeholder.

💸 India's largest exchange, CoinDCX, announces a fresh $2.5 million injection from Polychain Capital and Coinbase.

POSTSCRIPT

Thank you for reading the latest edition of the Watson Law newsletter. If you have any content-related recommendations or news you'd like us to share for next time, please don't hesitate to reach out to info@watsonlaw.nl or even better, directly connect with our team members Willem-Jan Smits and Stefan Enchev.

To stay up to date with all our updates and connect with our team, follow Watson Law on LinkedIn. Did we miss anything? Or perhaps something got you particularly intrigued? Do send us a message and let's talk!

Ciao for now and see you again next time!  👋

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Watson Law is a 's-Hertogenbosch-based law firm specializing in corporate and civil matters and the legal implications of new technologies in everyday life and business.

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