Nicolas Pinto’s Post

European crypto regulation MiCA went in to effect as of 1st of July. Circle announced their stablecoins USDC and EURC are MiCA compliant. The interesting part is that they also have an e-money licence from France. Watch this space for emergence of crypto payments innovation in Europe. An excerpt from the coverage: “Circle’s new issuance and redemption processes for USDC and EURC are handled through Circle Mint France, targeting major institutions in the European market, including exchanges, market makers, brokerages, fintech companies, payment institutions, banks, and large enterprises”. #cryptopayments #mica #stablecoins https://lnkd.in/dHRknKJs

The PacMan stage - not the real name ;) - at Money20/20 saw great session by Monica Long President of Ripple No mention of their #CBDC projects but some key points below: ➡️Clear regulations are good for crypto ecosystem system eg EU’s MiCA. ➡️Sandboxes and consultation with stakeholders are a boon for regulators to understand the space. ➡️US regulators backed into a corner towards Bitcoin ETF ➡️Ripple to launch US dollar stablecoin ➡️AI possible application for solving AML challenges Is #Trinidad and Tobago and/or wider #Caribbean ready to establish regulatory clarity around #crypto? Let me hear your thoughts

Japan Issues Warning to Five Crypto Exchanges: Regulatory Compliance in the Spotlight Japan’s Financial Services Agency (FSA) has flagged five overseas crypto exchanges—Bybit Fintech Limited, KuCoin, MEXC Global, Bitget Limited, and Bitcastle LLC—for operating without proper regi https://lnkd.in/etC6_9Jn #Crypto #GeneralNews #News #Bybitcompliance #FSAwarning #Japancryptoregulations #unregisteredcryptoexchanges #Web3innovation

Regulatory updates impacting the crypto market Regulatory updates impacting the crypto market can have a significant impact on the industry and its participants. Recently, there have been increased discussions and actions by governments and regulatory bodies around the world regarding the regulation of cryptocurrencies and digital assets. One key development is the growing interest in creating clear regulatory frameworks for cryptocurrencies to provide legal certainty and consumer protection. This includes discussions on taxation, investor protection, and anti-money laundering measures for cryptocurrency transactions. Additionally, there have been concerns raised by regulatory bodies about the potential risks of cryptocurrencies, such as market manipulation, fraud, and the use of digital assets for illicit activities. This has led to increased scrutiny and monitoring of crypto exchanges and trading platforms. It's important for participants in the crypto market, including investors, traders, and businesses, to stay informed about the latest regulatory updates and compliance requirements to ensure they are operating within the legal framework. Understanding and adhering to regulatory changes can help foster a more secure and stable environment for the industry as a whole. #caltextrader #cryptomarket #investment

Ripple (XRP) Ripple is used as a payment solution by banks, governments and institutions. Ripple's primary use cases are cross border payments, crypto liquidity and CBDC. The network uses XRP as its native cryptocurrency to enable fast, low-cost international money transfers and currency exchanges President-elect Trump has selected crypto supporter Paul Atkins to lead the SEC. This move is part of Trump’s broader goal to create a more crypto-friendly environment, a message that has been well received by the digital currency community. Atkins, a former SEC commissioner, currently serves on the advisory board of digital securities platform Securitize. Notably, Securitize is a company Ripple invested in back in 2018, and its CEO recently spoke at Ripple’s Swell 2024.  In 2 - 3 years you will look back and wonder wonder why you missed this one. Just put it aside. Short term - good looking chart - step by step -

Should Nigerian banks take a more proactive role in crypto? Banks can safely engage in cryptocurrency by applying the right prudential mechanisms, and this deserves more attention. Not all cryptocurrencies are the same—some, like Bitcoin, are volatile and unbacked, while others, such as stablecoins, are tied to fiat currencies or tangible assets. The key for banks is understanding this difference and setting capital reserves accordingly. International frameworks, like those from the FATF and Basel Committee, suggest that banks should hold higher reserves for riskier crypto assets while applying less stringent rules to more stable ones. Nigeria’s 2023 CBN Guidelines, which allow Virtual Asset Service Providers (VASPs) to open accounts under strict conditions, are a step forward. However, a total ban on direct crypto engagement still limits growth potential for both banks and the broader financial market. By adopting a risk-based approach, banks can participate in the cryptocurrency market, manage their exposure, and mitigate risks such as liquidity and fraud—without stifling innovation. The right prudential mechanisms allow banks to be part of this digital future while protecting themselves and their customers. #Cryto #Risk Management #Financial Regulation

Exciting Times for Bitcoin and Crypto Regulation! 🚀 Kevin, your perspective on Bitcoin as a benchmark for financial regulation is spot on. The shift toward a more CFTC-led regulatory framework could indeed unlock new institutional capital and bring more legitimacy to the crypto space. With Trump’s 2024 re-election sparking fresh market optimism, there’s a lot to consider about Bitcoin’s trajectory and regulatory prospects. For a closer look at how these developments impact market trends and what investors should keep an eye on, check out our latest analysis: https://lnkd.in/gqanuj3g It’s a critical moment for investors to stay informed! #Bitcoin #Crypto #MarketInsights #EstimatedStocks

Standard Chartered makes a bold move into Europe’s crypto market. 💡 With a new Luxembourg entity, the bank focuses on Bitcoin & Ether custody services under EU's MiCA framework. #StandardChartered #CryptoCustody #Bitcoin #Ethereum #DigitalAssets #MiCARegulation #FinanceInnovation #CryptoEurope #BlockchainBanking https://lnkd.in/dMkyWhYJ

New EU Regulations to Impact Crypto Exchanges Starting December 30 In a significant move to bolster Anti-Money Laundering (AML) measures, the European Banking Authority (EBA) has announced that crypto exchanges operating in the European Union must comply with the Travel Rule guidelines starting December 30, 2024. This regulation mandates that crypto asset service providers (CASPs) report detailed information on transfers of funds and crypto assets, aligning with Regulation (EU) 2023/1113. Big regulatory changes take time to be implemented and adopted correctly. Smooth regulation is essential to avoid market manipulations and ensure the security of cryptocurrency investors. In the current crypto climate, characterized by the typical summer downturn, it’s crucial to remain vigilant and informed. Targeting December 30, we need to stay secure and updated on the latest and hottest cryptocurrency news. Remember to practice risk management and avoid panic sales. #CryptoRegulations #EUTravelRule #AML #CFT #CryptoExchanges #RiskManagement #StayInformed

Standard Chartered wins license in Luxembourg to offer crypto custody services ➡️ Read All : https://lnkd.in/eM7dbDZD Standard Chartered has launched a new entity in Luxembourg to provide crypto custody services across the European Union under MiCA regulation. British multinational financial giant... [...] #StandardChartered #CryptoCustody #MiCA #EU #Bitcoin #Crypto #Exchanges #NBTC