ISSA - Intl Securities Services Association’s Post

GLEIF is delighted to join ISSA - Intl Securities Services Association as a new member. As a supra-national, not-for-profit organization, GLEIF is firmly committed to the worldwide implementation and use of the Legal Entity Identifier (LEI), an international standard that enables clear and unique identification of legal entities, thus enhancing transparency and trust in the global marketplace. With the growing importance of the digital economy, GLEIF has developed the secure digital counterpart of the LEI, the verifiable LEI (vLEI), to meet the global need for automated authentication and verification of legal entities in the digital realm across a wide range of industries. GLEIF’s CEO, Alexandre Kech, said: “We look forward to collaborating with ISSA and its members to continue building a new global ecosystem for organizational digital identity.” 🔗 https://lnkd.in/dj5bbbHH #GLEIF #ISSA #Collaboration #LEI #vLEI #OrganizationalIdentity #Finance #Blockchain #DigitalTransformation #DigitalTrust

If now that Christmas is over you are desperately looking for thrilling Luxembourg law articles, the December issue of the ALJB - Association luxembourgeoise des juristes de droit bancaire will address your needs ! On this occasion, I had the honor to co-write the feature article for this edition on #MiCA with my partner Marc Mouton and colleague Samantha Marx from the #Banking and #Financial Services team at Arendt & Medernach. Shout out to all the authors (Astrid Wagner, Faustine Cachera, Grégory Minne, Clara MARA-MARHUENDA, Jean-Luc Putz, Anne-Marie Ka, Elodie Rousseau, Alexis Spitz) and the #ALJB for this very interesting publication. #marketsincryptoassetsregulation #micar #cryptoassets #fintech #TheLuxembourgBankingandFinancialLawAssociation #DLT #virtualassets #cryptocurrencies #monnaievirtuelle #investorprotection #CASP #cryptoassetserviceprovider #distributedledgertechnology #registredistribué #blockchain #token #ART #EMT

🌟 Major Announcement from GDRCv1Token 🚀🌐 We are thrilled to share an exciting milestone in our journey! The GDRCv1Token Initial Liquidity Offering (ILO) is officially launching on the UNCX Launchpad. This pivotal event marks a new chapter in our commitment to revolutionizing the digital currency landscape. 🚀 What’s Happening? The ILO for GDRCv1Token, a token dedicated to creating a more inclusive and efficient financial ecosystem, is about to go live. 📅 Launch Date: Saturday, December 30th ⏰ Time: 12:00 PM 💰 Softcap: 150,000 USDC 🔗 Explore the ILO Here: https://lnkd.in/ge9XzkTQ 💡 Why Participate? This ILO is your chance to be part of a movement that redefines financial accessibility and innovation. By supporting the GDRCv1Token ILO, you're playing a role in shaping the future of finance. 🌍 Join Our Mission We believe in the power of community and collaborative effort in driving change. Your support is instrumental in bringing the vision of GDRCv1Token to life. Let’s embark on this transformative journey together! 👥 Get Involved Be a part of this exciting phase. Visit the link to learn more about the ILO and how you can participate. Feel free to reach out if you have any questions or need more information. 🙏 Thank You A big thank you to everyone who has been part of our journey so far. Your support and belief in our project are invaluable. #GDRCv1Token #ILO #CryptoInvestment #Blockchain #Finance #Innovation #DeFi

📝 Reasons to join If you do not yet know what the UBD Network Ecosystem is, then there are several main advantages of it 1️⃣ The only truly decentralized platform for inheritance of crypto assets without any interaction with third-parties 2️⃣ Great opportunities to receive rewards for providing liquidity and participating in the protocol as a “Keeper” 3️⃣ 100% on-chain transparent proof-of-reserves system 4️⃣ Opens up a complex trust market to anyone with any amount of capital

Today, I had the privilege of attending the Markets in Crypto Assets Regulation Conference, and was genuinely impressed by the depth of discussions and significant attendance, reflecting the growth and relevance of crypto assets in today's financial landscape. I want to express my sincere appreciation to the Malta Financial Services Authority (MFSA) for organizing this event. Their efforts in establishing regulatory standards for crypto assets are commendable, and the conference is yet another testament to MFSA's role in spearheading financial innovation. By connecting regulators and industry players, conferences like these facilitate important opportunities for dialogue and collaborative pan-European efforts in harmonizing regulations, safeguarding end users and shaping a secure and thriving crypto ecosystem. I look forward to more opportunities for meaningful collaboration and knowledge-sharing in this rapidly evolving sector. #blockchain #crypto #financialservices #regulatorystandards #cryptoassets #financialinnovation #blockchainconference #cryptoregulation

The Malta Financial Services Authority (MFSA) released a circular directed to Virtual Financial Assets (VFA) Service Providers, detailing updates to Chapter 3 of the VFA Rulebook. These changes, proposed to align with the Markets in Crypto-Assets (MiCA) Regulation's requirements, will be implemented in two stages: Stage 1 starting on January 1, 2024, and Stage 2 on July 1, 2024, offering transitional periods for compliance. Additionally, the MFSA plans to issue an updated VFASP Return in Q1 and eliminate the VFA Agent role, pending legislative amendments. They will initiate outreach sessions with VFA Service Providers in Q1 to address MiCA preparedness and compliance issues. Further adaptations to the VFA Framework, integrating MiCA supplementary requirements, will follow subsequent publications. . . . #mk #FintechServices #fintechmalta #LegalAssistants #MKFintechPartners #Advocates #crypto #Blockchain #technology #episode #defi #Crypto #FintechPartnersMalta #trading #cryptolicense #blockchain #technology #interview #Fintech #Network #podcasting #audit #CeFi #exchange #finance #invest #science #technology #weekly #news

Understanding Staking Services under MiCA 🔍 ESMA's latest Q&A clarifies that MiCA does not ban staking or set specific rules for it. However, staking services offered by intermediaries must follow MiCA's custody rules. This means they need authorization, must keep assets separate, minimize loss risks, and get client consent for staking. Articles 59, 62, and 66-75 of MiCA outline requirements for crypto-asset service providers (CASPs), including obtaining authorization, segregating client assets, minimizing loss risks, and maintaining liability for any loss of client assets. These provisions ensure the secure custody and administration of crypto-assets to protect clients and promote market trust. Read the full report 👇 #Crypto #Blockchain #MiCA #Staking #Regulation #ESMA

New Listing Alert: TNA Protocol (BN) on #BingX! We are excited to announce that BN, the native token of TNA Protocol, is now listed on #BingX! Event Details: - Trading Pair: BN/USDT - Deposit Time: Aug 19, 2024, 08:00 UTC - Withdrawal Time: Aug 21, 2024, 10:00 UTC About TNA Protocol: TNA Protocol enhances Bitcoin by providing a naming and data availability layer that integrates with Bitcoin Layer-2 solutions and EVM chains, boosting cross-chain interoperability. Key BN Token Utilities: - Governance participation - Lower registration fees for TNA names - Access to exclusive benefits and airdrops - Data Availability Node staking for potential rewards Action Steps: 1. Spread the word in crypto communities. 2. Ensure the listing is highlighted in TNA Protocol’s channels. 3. Use #BNxBingX to join the conversation! Let us make this a successful launch!

Singapore's High Court has awarded Fantom Foundation Ltd. $2.19 million in damages as a result of a default judgment against Multichain Foundation Ltd. and Multichain Pte Ltd. In July 2023, a security incident resulted in the loss of nearly $127 million worth of assets, including wrapped tokens and stablecoins. The case focused on Multichain's failure to provide 4.175 million FTM tokens or their equivalent value. Based on market valuations, the court assessed and awarded $58,620.55 for losses on stablecoins and $2,129,250 for FTM tokens that were not delivered. The Fantom Foundation declared that it will take additional legal action in order to help a liquidator be appointed in order to retrieve and distribute assets in a way that would benefit all parties involved. . . . . #singapore #news #fantom #multichain #market #fines #cryptostan #thecryptocountry #cryptocurrencynews

Here are Stonfi key partners @ston_fi is a platform designed to provide secure and transparent peer-to-peer trading of digital assets without the need for a central authority or intermediary. #blockchains #stonfi