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The latest developments from the world of Blockchain Finance & Regulation
#55
Happy Thursday! 

The World Economic Forum is set to introduce the first global consortium to tackle digital currencies governance, signifying the increased necessity to form global standards vis-a-vis crypto. The Southeast Asian scene is also heating up as two countries from the region step up their regulation efforts. Funding has been hot too as we see quite a few deals from the past two weeks.

Read below for more!

QUOTE

“We are exploring the potential that properly-regulated digital currencies hold for cheaper and faster cross-border payments, financial inclusion, and rooting out illicit finance. This dialogue between public and private sector players is now essential, so we find the right roles for each in realizing this potential.”

Tharman Shanmugaratnam, Senior Minister, Singapore and Chairman, Monetary Authority of Singapore.

NEWS

🌐 World Economic Forum announces the first global consortium focused on designing a framework for the governance of digital currencies, including stablecoins.

🥨 Germany’s Financial Supervisory Authority (BaFin) clarifies how the country’s new cryptocurrency custody law will apply to firms that operate outside of Germany but still serve the German market.

⚔️ Telegram continues its fight against the SEC with a fresh technical whitepaper, explaining its blockchain in more detail.

⛛ Another reason to visit Bermuda as it plans a comprehensive crypto ecosystem.

🔛 Singapore's Payment Services Act is now in force.

⌛ The National Bank of Cambodia's blockchain-based payments system is going live in a few months.

📊 Gartner Research: Smart Contract adoption will increase data quality by 50% over the next 3 years.

LONGER READS

➕ Bank for International Settlements' continuation of previous research on central bank digital currencies.

🧳 A detailed overview of the standards race regarding the FATF's 'travel rule'.

🤔 Readers of Fortune's The Ledger finance and cryptocurrency newsletter share their expectations of crypto in the 2020s

⛔ 'The Case Against Crypto Maximalism' via Hacker Noon.

📝 Telegram's latest technical whitepaper submission before the SEC.

NEW DEALS


⚡ Lighting Labs has raised a $10 million Series A to become the 'VISA' of Bitcoin.

🏦 Envoy scored $13 million to scale up its blockchain trade finance platform.

💳 Arwen, a non-custodial settlement protocol developer, has raised $3.3 million in funding from Jill Carlson, Meltem Demirors and other investors.

⬜ Pantera Square join $14 million Series A for real-time payments startup Transparent.

🤑 Securitize has extended its Series A funding round with an additional $14 million from Sony Financial Ventures.

💰 Saudi Aramco Energy Ventures makes $5 million investment into VAKT and joins platform.

💲 ConsenSys lays off 14% of its workforce amid preparing for a $200 million fundraising round.

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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