News & Insights

As part of the crypto-asset market regulatory measures, Her Majesty’s Treasury has put out a proposal to remove references to blockchain and Distributed Ledger Technology (DLT) in crypto-asset statutory definition in an attempt to be underlying technology-agnostic, and thus effectively rein in Decentralised Finance (DeFi) within the United Kingdom legal and regulatory landscape. Source: Blockchain […]

The Hong Kong Special Administrative Region of the People’s Republic of China, through its Hong Kong Monetary Authority (HKMA); the central banking institution, is joining the list of states with their eyes set on taking firm decision on, or putting in place, public-oriented crypto-asset and stablecoin regulatory framework. HKMA introduced a questionnaire where it seeks […]

The Central Bank of Nigeria(CBN) has no plans to amend its extant legal tender laws, in view of its Central Bank Digital Currency(CBDC) project pilot launch October 1st, 2021, and beyond if successful. This came to fore after the Nigeria apex bank sent a strategic pilot implementation roadmap presentation to the Deposit Money Banks(DMBs) et […]

Introduction Pursuant to historical terms and digital years both, it has always been the case that technological innovation goes before the law, and or regulation. This, however, is no different when it comes to crypto-asset emergence and resulting fast and quick-paced revolution, adoption, and implementation by mainstream real economic sector big players across the planet. […]

Newsletter #4 14th March, 2021.  Weeks have passed since the Central Bank of Nigeria(CBN) pronounced its crypto-asset transaction ban policy through a circular dated 5th February, 2021. As if taking a cue from its Nigeria central bank counterpart in the emergent cryptocurrency adoption and mainstreaming competition, the central bank of another Sub-Saharan West African country […]

Newsletter #3 28th February, 2021. Central bank misleads citizens by claim it did not place “new restrictions on cryptocurrencies”.   Pursuant to the Nigeria central banking system authority crypto-ban policy pronouncement 5th February, 2021, all regulated Deposit Money Banks(DMBs), Non-Bank Financial Institutions(NBFIs), and Other Financial Institutions(OFIs) were “directed to identify persons and/or entities transacting in or […]

Lex Futurus Newsletter #2,  12th February, 2021.  CBN Crypto Payment Rail and Fiat Payment Rail Disconnection: Will the Regulator Ever Get “Crypto”? The Colossus Apollo at Rhodes  5th February, 2021 the Nigeria central banking system galaxy guardian stood towering high above like the Colossus of Rhodes; a statue of Apollo. This time the banking Colossus […]

Why You Should Order a Legal Opinion Letter for Your Blockchain Crypto-asset Project Lex Futurus Newsletter #1,  29th January, 2021. Crypto-asset projects hardly ever order legal opinion letters to help evaluate projects for purpose to appreciate regulatory hazards that may be lurking in the dark for crypto firm token projects. Beyond these regulatory and court […]

Regulation of trading and custody of crypto-assets by the German regulator for banks and other financial institutions takes off 1st January, 2020  Germany joins the growing list of European Union (EU) countries, and the entire world institutionalising crypto-assets (“Kryptowerte”), via statutory activities, as the German lawmakers introduced new law to be effective 1st January, 2020. […]