The Need for a Designated Crypto Asset Regulator

Senior academic says a new taxonomy—and a new regulator—is needed to determine whether crypto assets should fall under existing financial frameworks.

Crypto-assets

In the aftermath of the global financial crisis, the G20 set out to implement reforms in the over-the-counter derivatives market aimed at introducing central clearing to minimize risk and counterparty credit exposures. 

The group also imposed a stricter regime for credit rating agencies, particularly for ratings used by regulators. Syren Johnstone, executive director at the Faculty of Law at The University of Hong Kong, says this precedent could serve as the future roadmap for crypto regulation

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Preparing for the gathering storm

The Markets in Crypto-Assets (Mica) regulation came into force across the European Union on June 29 to enhance the transparency and integrity of the industry’s burgeoning crypto markets. Travis Schwab, CEO of Eventus, discusses his firm’s Mica strategy…

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