View this email in your browser

Happy Thursday!

We're back again, this time featuring highlights from JP Morgan, the International Monetary Fund, an interesting paper from the U.S. Congress and other attention worthy pieces. Deals wise, BlockFi leads the charge with a hefty Series C, followed by a considerably successful equity crowdfunding for Celsius Network.

Enjoy the read!

“Lack of legal certainty is often cited as the main barrier to developing a sound crypto-asset market in the EU. This is a good chance for Europe to strengthen its international standing and to become a global standard-setter, with European companies leading new technologies for digital finance.”

- Valdis Dombrovskis, EU Commission Executive VP on the design of the upcoming crypto framework

✒️ JP Morgan has acquired ConsenSys' Quorum distributed ledger to effectively become their client and outsource future development on the platform.

🇪🇺 A Pan-European cryptocurrency framework is expected to drop this autumn.

🌐 The International Monetary Fund (IMF) has released an explanatory article on cryptocurrencies, labeling them as 'a new form of money offering benefits'.

🧀 Three Swiss crypto firms claim to have completed the first AML-compliant Bitcoin transfer.

📝 The UK's Financial Conduct Authority is extending its reporting obligations for crypto and crypto adjacent businesses.

💲 The Digital Dollar takes even more shape. U.S. Congress comes up with an official definition.

📅 Brazil is considering developing crypto regulation and a CBDC. Currently, the country has no laws specifically designed for the field.

🔀 Money Reimagined: DeFi-ing History

📜 FATF Report To The G20 Ministers On Stablecoins

💸 Bitcoin lender BlockFi has completed a $50 million Series C led by Morgan Creek Digital.

🌡️ Celsius Network raises $20 million via equity crowdfunding.

🤲 Open-Source DeFi data platform DIA's token sale ends with $15 million raised.

🦋 Bella Protocol raises $4 million in a Seed round.

🌱 In another Seed round, DeFi aggregator Frontier bags in $1.8 million.

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 Stefan Enchev. 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!

Enjoyed this newsletter? Forward this email or subscribe.

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.

For more relevant information and news on the topic, take a look at our website. We process your (company) name and email address for this newsletter. If you want us to change the data used or remove your data from this list, let us know.

Visit our website

HOME • TEAM • EXPERTISES • PUBLICATIES • BLOG • CARRIÈRE • CONTACT

Copyright © 2020 Watson Law, all rights reserved.

Our mailing address is:
Watson Law B.V.
Stationsplein 8
5211 AP ‘s-Hertogenbosch
The Netherlands

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.