With the UK government actively working on developing a new regulatory framework for crypto assets, Acuiti, Portofino and Zodia Markets brought together a select group of senior industry participants and regulators to discuss some of the key proposals for UK regulation…
In partnership with Portofino Technologies a crypto-native proprietary trading firm, Zodia Custody, and Acuiti, Zodia Markets has published te report “Competitive Advantage: Charting the Path Ahead for UK Cryptoassets regulation”.
With the UK government actively working on developing a new regulatory framework for crypto assets, Acuiti, Portofino and Zodia Markets brought together a select group of senior industry participants and regulators to discuss some of the key proposals for UK regulation. The meeting was held in May 2023 and focused on the regulation of the institutional segment of the market. This report outlines some of the key issues raised and charts a course for the UK government to develop a comprehensive, transparent and competitive framework for the issuance and trading of crypto assets.
This story covers three topics. First, as markets evolve, they often see a wave of new entrants who are subject to lower regulatory requirements than the incumbents, sometimes known as ‘regulatory arbitrage’.
Cryptoasset markets are often thought of as innovative, which is true in some cases, but not all. Slow processes and regulation can certainly be frustrating, but market participants should always be careful to not be blinded by neophilia, or a love of novelty.
The Ethereum merge, completed in September, transitioned the blockchain’s consensus mechanism from an energy-intensive proof-of-work (POW) to a proof-of-stake (POS) protocol. This has reduced energy consumption by more than 99.9%.1
Zodia Markets is proud to announce its signing of the Armed Forces Covenant, demonstrating its commitment to treat fairly those who serve, or have served in the military, and their families, and emphasising the company’s dedication to fulfilling its social responsibilities.
Brian McGleenon 14 June 2024·4-min read BlackRock (BLK) is leading the charge in the mass tokenisation of real-world assets on blockchains, according to Zodia Markets Ireland chair Michael Walsh.
The deal will strengthen Zodia Markets’ over-the-counter business while allowing Elwood to conentrate on its software-as-a-service activities.
The Securities and Exchange Commission is expected to follow the strategy employed in approving spot bitcoin exchange-traded funds for spot Ethereum ETFs, starting with rejections and ultimately granting approval on the initial final deadline on May 23, according to Standard Chartered Bank.
