With the rise in DeFi crime, regulatory scrutiny around DeFi also increases.
With the rise in DeFi crime, regulatory scrutiny around DeFi also increases.
Most NFT tokens are built on ERC-721 and ERC-1155 token standards. ERC-1155 facilitates the creation of fungible, semi-fungible, and non-fungible tokens, whereas, ERC-721 enables the creation of only the latter. Learn more about the characteristics and the differences between both the token standards.
With NFTs shaking up the art, music, and gaming world, it is important to understand some of the risks and challenges associated with NFTs
NFTs are shaking up the art, music, and gaming world. Additionally, they are becoming a key part of the Metaverse economy. Learn more about how NFTs work, their features, use-cases, and some key regulations governing them.
Privacy coins preserve anonymity and ensure untraceability by hiding the flow of funds across their networks. The use of privacy coins for illicit activities using crypto is rapidly increasing and so are the regulations over them. Find out more about privacy coins work, the pros/cons, and the legal implications of using them.
Canada primarily regulates cryptocurrencies under security laws, which are enacted on a provincial basis. The CSA harmonizes all securities laws and facilitates coordination between various provincial and territorial securities regulators. As per the CSA, if a coin or token is deemed to be a security, then businesses issuing such coins have to meet the registration, prospectus requirements, and AML/KYC requirements. With cryptocurrencies quickly gaining traction in Canada, it is essential for crypto-asset trading platforms and financial institutions to understand the Canadian regulatory landscape.
Switzerland has established itself as a crypto haven, attracting a lot of crypto businesses due to its advanced regulatory framework and crypto-friendly approach. With one of the robust licensing and AML/KYC policies in the world, Switzerland revamped its framework for tokens by enforcing the DLT Act in 2021. The new law allows tokenized securities to trade on the blockchain with the same legal standing as traditional assets.
Though the regulators accept that most of the activity related to crypto is licit, they are also worried about the increased use of crypto in facilitating illicit transactions.