cryptopolicy

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This is a channel for sharing the latest in legal, policy, and regulatory thinking and news related to crypto hosted by Haun Ventures. Memes welcome.

ESMA Q&A on staking: https://www.esma.europa.eu/publications-data/questions-answers/2067 "MiCA does not contain provisions specific to staking. It does not therefore prohibit staking, and staking as such is not subject to specific requirements or licensing. In the provision of staking services the crypto assets, or the private keys giving access to them, are held by the staking service provider in custody. Thus, the provision of staking services is ancillary to custody services which are fully covered under MiCA. The provision of staking services therefore requires that the crypto asset staking service provider is authorized under MiCA to provide custody and administration of crypto-assets on behalf of client
https://www.eiopa.europa.eu/esas-consult-guidelines-under-markets-crypto-assets-regulation-2024-07-12_en
📢 The AMF (Autorité des marchés financiers) has published a summary of responses to its Discussion Paper on DeFi Key areas covered include:

Defining DeFi
Nature of blockchain protocols
Smart contracts
Open source code
Risks in DeFi trading protocols
Governance issue

https://www.amf-france.org/en/news-publications/public-consultations/decentralised-finance-defi-trading-protocols-and-governance-issues-overview-trends-and-regultory
https://www.dlnews.com/articles/regulation/eu-crypto-firms-must-scrutinise-sanctioned-russian-entities/ More details here https://www.consilium.europa.eu/en/press/press-releases/2024/06/24/russia-s-war-of-aggression-against-ukraine-comprehensive-eu-s-14th-package-of-sanctions-cracks-down-on-circumvention-and-adopts-energy-measures/ especially the Council is introducing a ban on transactions with targeted credit and financial institutions and crypto assets providers established outside of the EU, when these entities facilitate transactions that support Russia’s defence-industrial base through the export, supply, sale, transfer or transport towards Russia of dual-use goods and technology, sensitive items, battlefield goods, firearms and ammunition. This means heavy due diligence in order to make sure that the counterparty VASP is not involved.....
The Danish regulator published a guidance on criteria to fall under DeFi and out of the scope of MICA: https://www.dfsa.dk/news/2024/jun/crypto-assets_250624
Yesterday we hosted a reception event with @standwithcrypto after the @coinbase Update the System event in D.C. A packed house! Happy to play our part helping leaders understand why voters care about this issue.