More than a year has passed since the launch of SHFT, a time of excitement, challenges, achievements, and hard work. Our community and partners have been highly supportive of our mission to power trust on the blockchain through data discoverability and compliance while preserving privacy and sovereignty. …

New South Wales Senator Andrew Bragg has recently introduced a crypto services regulation bill in the Australian Parliament. Titled the Digital Assets (Market Regulation) Bill 2023, the regulation may introduce a crypto licensing regime. Australia has a considerable crypto market, with more than 25% of the population owning cryptocurrency in…

Welcome to another edition of the Veriscope Regulatory Recap. This week, we look into the upcoming G7 crypto regulatory recommendations, the proposed bipartisan Blockchain Regulatory Act, the CFTC Commissioners urging collaboration with the SEC for harmonized crypto regulations, and the EU to vote on MiCA in April. We are closely…

European Crypto Regulatory Climate and its Impact on Crypto Ecosystem Welcome to the first edition of The Block Perspective, Shyft’s monthly thematic overview! Here, we will be diving deep into some of the most pressing issues and trends in the industry, offering fresh insights and analysis from our team of experts. …

The EU Parliament will cast its final vote on the MiCA legislation on April 19, 2023. If approved, MiCA regulation will establish a licensing regime for crypto across the EU and introduce reserve requirements for stablecoins. The European Banking Authority (EBA) is hiring crypto-skilled staff to prepare for its duties…

Welcome to another edition of the Veriscope Regulatory Recap. This week, we look at Illinois’ proposed crypto bill, a Federal Judge taking on the SEC over current regulatory uncertainty, the EU’s bill to regulate smart contracts, and Russia’s first CBDC regulation draft. But no matter what regulatory measures authorities take…

The recent failure of two crypto-friendly banks has highlighted the need for strong banking partnerships in the crypto industry. Xapo Bank’s move to offer stablecoin services positions the institution as a trustworthy partner committed to serving the needs of the crypto community. Recently Xapo also integrated with Bitcoin Lightning Network…

The FATF Travel Rule is a set of virtual asset-related recommendations by the Financial Action Task Force, first published in 2019. The 39-member Financial Action Task Force sets global standards to stop the movement of illicit funds. The threshold amount at which the FATF Travel Rule kicks can vary between…

Welcome to another edition of Veriscope Regulatory Recap! This week, we have covered the debate on crypto regulations in the US House of Representatives, India enforcing KYC/AML requirements to crypto businesses, and the UK’s FCA Chair calls stringent crypto regulations a must to prevent money laundering risks. We would also…