Does this phrase seem familiar – “All rights reserved”? If you have (and you would probably have) it’s a copyright notice, telling you that you cannot reproduce the art / text / item, because it’s copyrighted. And that’s what copyright law does – it stops people from *copying* things. But as copyright laws go, there’s […]
Most people would not expect NFTs to be deemed a security. Leading securities enforcement agencies have yet to inspect NFTs as securities. But the evolving game plan for NFT projects show that the popular NFTs of tomorrow may be deemed as securities. Most NFTs are Not Securities In a previous article, I wrote about the […]
NFTs are more than a JPEG file; in this post we will explore their use cases.
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 […]
Governments around the world are exploring government-issued crypto (CBDC). What happens when CBDCs become common?