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The latest developments from the world of Blockchain Finance & Regulation
#58
Happy Thursday! 

The last few weeks have been a whirlwind. Both socially and economically, what we are currently witnessing is unprecedented and we can only hope for the situation to improve. We stumbled on quite an interesting read, outlining how these troubling times could be crypto's moment to shine and go mainstream. We also found a report on 2019 blockchain VC investments. Interestingly enough, we've got plenty of new deals coming in (including a huge, $300M round and regulatory efforts don't seem to be on the decline despite the circumstances.

Enjoy the read!

QUOTE

'With the impacts of COVID-19 still ravaging financial markets and trillions being deployed by governments and central banks to stem the economic carnage, one cannot help but wonder if this is cryptocurrency’s breakout moment. This unstable environment seems ripe for cryptocurrency to come out of the shadows and become a viable asset class and legitimate alternative to our fiat-based economies.'

Mark Blackman, emerging technologies consultant, previously at Qualcomm

NEWS

🚀 Revolut, the crypto-friendly bank, has just launched in the US.

🇪🇺 France's financial regulator pushes the agenda for an EU-wide security token sandbox.

🇷🇺 Russia may introduce a regulatory sandbox regime for DLT.

💵 U.S. Senate to evaluate a bill on a Digital Dollar.

🚪 New S.E.C. proposal may again open the door for security token sales.

⚔️ Telegram continues to struggle in its efforts to gain the favor of the S.E.C.

🍁 Canada readies its FATF compliance ahead of schedule, to introduce strict measures.

🏗️ India lifts its ban on crypto exchanges.
 

LONGER READS

Coronavirus crisis: Is now the best time for crypto to go mainstream?

🌱 Report: CBInsights' 2019 Venture Capital Investments in Crypto

📰 Report: The International Organization of Securities Commissions says global stablecoins are likely to be subject to securities laws.

NEW DEALS

😮 Bakkt gets a $300 million boost in a Series B by Microsoft, Pantera, Boston Consulting and others.

🇮🇳 Binance to launch a $50 million fund to invest in Indian blockchain companies.

🔒 Safety startup CoolBitX scores $16.7 million to make crypto more bank-friendly.

📈 Crypto derivatives platform Phemex, led by eight former Morgan Stanley executives, receives a $3.5 million injection led by NGC Ventures.

💱 Mumbai-based exchange CoinDCX completes a $3 million funding round, including backing from Polychain and Bain.

🛒 MakerDAO raises $2 million’s worth of DAI tokens via a debt auction.

🎮 The Sandbox bags in $2 million as well for its blockchain-based gaming platform.

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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