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. …

Welcome back to Shyft Dev Deep Dive, the go-to source for all recent Shyft-wide features and technical advancements. After making a series of significant releases earlier this year, May has been a relatively quiet yet equally important month for us. Our Product & Engineering team has been intently focused on…

MiCA aims to regulate crypto, but its stand on DeFi remains unclear. “Compliant DeFi” is becoming a topic on the rise while user security becomes a priority. The regulatory applicability of MiCA varies based on the degree of decentralization in DeFi services. Markets in Crypto Assets, which is popularly known…

Welcome to the latest edition of the Veriscope Regulatory Recap, keeping you up-to-date with the fast-paced world of cryptocurrency regulations. In the last fortnight, we’ve seen global bodies and economies make strides in crypto regulation. IOSCO has proposed the first global crypto-asset market regulation, whereas the World Economic Forum is…

Japan’s enforcement of the Crypto Travel Rule from June 1st, 2023, marks a significant step in tightening cryptocurrency regulations. The new regulations, while promising increased transparency and trust in the market, may also pose challenges to privacy and operational changes. Shyft Veriscope, with its strategic partnership with Sygna, emerges as…

The EU’s new MiCA regulation holds cryptocurrency exchanges directly accountable for customer losses, representing a major shift towards increased protection and transparency in the sector. MiCA regulation introduces significant compliance challenges for crypto exchanges while promising enhanced user protection, potentially boosting confidence and cryptocurrency adoption. The MiCA regulation could set…

Welcome to another edition of Veriscope Regulatory Recap, your biweekly dose of crypto regulatory news from around the world. Crypto regulatory developments are often a rollercoaster ride filled with unexpected twists and turns, as we saw during and the last two weeks were no exception.

The estimated global crypto ownership rate is around 4.2%, with more than 420 million crypto users worldwide. Although Hong Kong falls beyond the global average with an ownership percentage of 2.35%, more than 175,000 people own cryptocurrency there. With the new regulations are set to come into place in June…

The G7 is pushing for increased oversight of P2P cryptocurrency transactions through the FATF. Authorities insist that the proposed regulatory changes could lead to a safer and more transparent cryptocurrency market, fostering wider adoption. These stricter regulations raise concerns about privacy rights and could increase costs for crypto service providers. …