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Archive: April 2021

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Wyoming to Recognize DAOs as LLCs

April 30, 2021

On April 21, 2021, Wyoming Governor Mark Gordon signed Bill 38 into law allowing Wyoming to recognize decentralized autonomous organizations (DAOs) as limited liability companies.

DORA review: Member States consider inclusion of payment card networks and retail payment infrastructures

April 29, 2021

On 28 April 2021 the Portuguese Presidency of the Council held a meeting of a Council working group in order to continue its legislative review of the proposed regulation on digital operational resilience for the financial sector (DORA).

FCA updates webpage on The Digital Sandbox pilot

April 28, 2021

On 28 April 2021, the FCA updated its webpage regarding The Digital Sandbox pilot by adding a new section on an evaluation report.

FCA speech: Levelling the playing field – innovation in the service of consumers and the market

April 28, 2021

On 20 April 2021, the FCA published a speech given by its CEO, Nikhil Rathi, during the FinTech Week event. The speech is entitled Levelling the playing field – innovation in the service of consumers and the market.

EU proposes new Artificial Intelligence Regulation

April 22, 2021

On April 21, 2021, the EU Commission adopted a proposal for a regulation (the AI Regulation) on “artificial intelligence systems” (AI systems), which it describes as “the first ever legal framework on AI.”

Anatomy of an NFT

April 17, 2021

Once relegated to the fringe of the crypto/FinTech communities, non-fungible tokens (NFTs) have recently exploded to the forefront of modern pop culture and are taking on an ever increasing number of forms—from collectible digital kittens, to sport highlights, to music albums, to pieces of art auctioned off by Christie's for US$69.3 million.

Cryptocurrency users beware: IRS targets unknown taxpayers via John Doe summons

April 17, 2021

Earlier this month a federal court in the District of Massachusetts granted an order allowing the Internal Revenue Service (IRS) to serve a John Doe summons on a digital currency exchanger.

Blockchain law: Cryptocurrency offers no escape from international sanctions

April 16, 2021

Recent US enforcement activity illustrates how the government is taking strong action against persons involved with misuses of cryptocurrency in order to meet this threat and deter others.

Member States consider amendments to MiCA proposal

April 07, 2021

On 18 March 2021, the Portuguese Presidency of the Council hosted a meeting of a working group where representatives of Member States continued discussions over the proposed regulation on markets in crypto-assets (MiCA).

Monthly Global FinTech regulatory updater

April 01, 2021

Every month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.