5th April 2023 Digital Bytes

Financial institutions aligning to crypto custody regulation in the UK, US & EU - in the light of well- publicised scandals, bankruptcies and collapse of established financial institutions and digital asset service providers, regulators around the world are working hard to finalise regulatory frameworks within the crypto industry. There is a raft of regulatory bodies attempting to apply controls to the industry on a global, national or local/state level. What is the status of crypto custody regulation in the UK, the US and the EU, plus the influence of global advisory bodies prominent in this space?

Blockchain and law enforcement - the use of blockchain technology is potentially a double-edged sword in that it has enabled the issuance of what some regulators cite as illegal securities. A case in point is the US- quoted firm, Coinbase, which has been issued a notice by the SEC for potential breaking of American securities law. Blockchain technology offers a range of applications to help…