Our new episode of FInsight is the first of two episodes related to the guide Crypto around the World -  cryptoassets regulatory development in 20 questions. Sue McLean, a partner in our London office, talks to the team that started this project: Iris Barsan, counsel from our Paris office; Julian Hui, associate from our London office; and Chris Murrer, a US attorney in our Zurich office.

We have shared some of the key highlights from the episode below:

  • From a market perspective, there are a number of different participants - they will not necessarily be involved in every single type of cryptoassets as there are different types in the market, and there are also different ways by which entities engage with these cryptoassets.
  • When looking at financial regulation, there is a need to qualify the features of cryptoassets in order to determine what rules and regulations apply. There is a consensus among regulators, focused on substance over form.
  • There is a growing need for investor protection. Regulators are implementing more rules to protect investors from threats and scams. Given the complexity of the crypto market, regulators are looking into establishing protections that focus on ensuring transparency and market integrity.
  • There are different regulatory approaches to cryptoassets - (1) reliance on existing regulations, (2) taking the AML-registration approach, (3) introduction of crypto-specific regulation and; (4) regulating cryptoassets as a specific asset class.

You can listen to the full episode via the link below but do reach out to the team if you have any questions.