The FATF report on Virtual Asset Service Providers & Anti-Money Laundering: What This Means for DeFi & the Markets
Paris, France, October 28th, 2021, the FATF (Financial Action Task Force) issued its long-awaited, 111-page report, Updated Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers.
The New 'Bretton Woods Moment' and How Bitcoin Will Play a Part
A lot has been said recently about a “New Bretton Woods Moment,” as proclaimed to save the world’s monetary system, by International Monetary Fund Managing Director Kristalina Georgieva. What does it all mean, and what could such a moment hold for the world’s first cryptocurrency, Bitcoin?
What are “Wrapped” Crypto Tokens & Why are They so Important?
In step with the meteoric rise of DeFi platforms, today’s “wrapped” tokens, especially wrapped BTC (“WBTC”), is an intriguing phenomenon. A “wrapped token” is an asset on the Ethereum blockchain matched 1:1 with an underlying asset, which need not share the same blockchain, or as a physical asset like gold, be on a blockchain at all.