It's been an eventful few weeks; while Bitcoin recaptured $55.000 for the first time since May, regulators worldwide still struggle with the issues posed by digital currencies.
In other news, VISA plans to bring cryptocurrency services to traditional banks in Brazil and FINMA has approved the first crypto fund according to Swiss law. Meanwhile the Rabobank announced that it will not allow corporate transactions regarding digital assets any more, which triggered VNBL to submit a complaint for abuse of power.
On top of that we've got a super interesting keynote of lawyer and co-founder of Watsonlaw Willem-Jan Smits on MiCA, the European crypto regulation that will significantly change the crypto industry.
Deals-wise, Q3 2021 marked another huge milestone for the crypto industry as companies raised an unprecedented sum through venture funding. So, as usual, multiple noteworthy $100 million+ raises.
Let's get to it...
“It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement”
- Elon Musk
⚡ Jack Mallers announced the Strike API, allowing Twitter users to send tips via lighting.
💳 VISA has announced it is planning to bring cryptocurrency services to traditional banking platforms in Brazil.
🗣️ Interesting keynote by Willem-Jan Smits at the hybrid BCNL Foundation meetup about MiCA, the European crypto regulation that will significantly change the crypto industry. It's published on YouTube here.
💲 Elliptic has raised $60 million in a Series C funding round led by Evolution Equity Partners and aided by new investment from SoftBank.
Postscript
Thank you for reading the latest edition of the Watsonlaw 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 Jorie Corten. To stay up to date with all our updates and connect with our team, follow Watsonlaw 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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Watsonlaw 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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