THE BLOCKCHAIN AND VIRTUAL CURRENCIES WORKING GROUP

The Blockchain and Virtual Currencies Working Group (WG) is a group of industry representatives; the WG is registered in the European Transparency register under number: 635727423661-17

The Members of the Blockchain and Virtual Currencies Working Group (WG) adhere to the following Ethical Guidelines.

OUR MEMBERS

OUR AIMS

Educational/working with European regulators

We foster an industry-led conversation
We help to shape the regulation in a way that does not stifle innovation
We work with regulators; information sharing is fundamental to achieve balanced and forward looking regulation

To monitor

Which regulatory initiatives concern us?

To influence the EU regulators work

Can we help in drafting the content of such initiatives?

To advice internally on EU matters

Tool for each WG member General Counsel/ Compliance officer

OUR POSITIONING

Engage with:

The European Commission
The European Central Bank
The European Banking Authority
European Parliament
European Presidency of the Union
Key Member States Permanent Representations in the Council WG on Financial Services

In terms of AML policy:

EU AML rules shall be applied to digital currency exchange platforms equally
EU AML should not be applied to non-custodian software wallet providers
The WG wishes a risk based approach

Means:

Meetings with key EU regulators
Meeting with European Member States National Supervisory Authorities and key Government Officials
Position papers on digital currencies and the blockchain addressed to the regulators

Regulation if appropriate can:

Increase the credibility of industry
Increase customer confidence
Allow for a level playing field

IN THE NEWS TODAY

Swiss Federal Council to adapt regulatory framework to recent DLT developments

Swiss Federal Council to adapt regulatory framework to recent DLT developments

Monica Monaco2019-04-25T10:08:19+02:00March 22nd, 2019|Tags: DLT, Switzerland|

The Swiss Federal Council has initiated a consultation period in order to assess and adapt existing federal law [...]

Australia announces national blockchain strategy

Australia announces national blockchain strategy

Monica Monaco2019-04-25T10:32:52+02:00March 18th, 2019|Tags: Australia, Blockchain|

The Australian government has announced the launch of a national blockchain strategy. The strategy includes a roadmap focusing [...]

Canadian regulators launch consultation paper on proposed framework for crypto-asset trading platforms

Canadian regulators launch consultation paper on proposed framework for crypto-asset trading platforms

Monica Monaco2019-04-25T10:35:05+02:00March 14th, 2019|Tags: Canada, Crypto-assets|

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) have published a Joint [...]

American Bar Association publishes white paper on Digital and Digitized Assets: Federal and State Jurisdictional Issues

American Bar Association publishes white paper on Digital and Digitized Assets: Federal and State Jurisdictional Issues

Monica Monaco2019-04-25T10:24:45+02:00March 13th, 2019|Tags: Crypto-assets, Digital asset, USA|

The American Bar Association’s Jurisdiction Working Group of the Innovative Digitized Products and Processes Subcommittee (“IDPPS”) has published [...]