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Online Blockchain plc: Umbria Network is Official Partner of the Crypto AM DeFi & Digital Inclusion Summit

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Umbria Network is a key participant and official partner at the Crypto AM DeFi & Digital Inclusion Online Summit on Thursday, 20th May 2021.

Opened by the Lord Mayor of London and backed by City AM, the free six-hour online event will include talks and vibrant panel discussions from a roster of 30 leading experts in the blockchain and DeFi fields.

CUDOS, Coinintelligence Fund, Aave, Boson Protocol, Brave, CryptoCompare and Ziglu are just some of the names taking part. The evolution of DeFi and its potential for growth, smart contract audits and smart contract cyber security, DeFi investments and staking, regulation and – key theme – digital inclusion are just some of the topics that will be discussed.

Barney and Oscar Chambers, co-lead developers and founders of Umbria, will take to the virtual stage at 7:20PM–7:40PM BST where they will discuss how Umbria (https://umbria.network/) is removing the barriers to entry for DeFi. Their talk will cover:

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  • Lack of accessibility for beginners entering the space – how Umbria is creating a user-friendly experience so that decentralised finance is open to anyone
  • Ethereum fees and transaction speed – what Layer 2 does for DeFi and how Umbria is implementing it
  • DeFi project trust issues – Umbria has AIM-listed Online Blockchain plc as its co-ordinator, administrator and advisor. This brings a high level of trust, credibility and transparency to the project; something quite rare in the DeFi space.

“It’s been an extraordinary fourteen months since Crypto AM held its inaugural awards in Canary Wharf and next month we celebrate our third birthday. During the pandemic however, the digital divide has grown wider and the need for digital inclusion ever more urgent. The Crypto market is in full growth mode with the raging bull that is DeFi taking the spotlight,” said James Bowater, Founder & Editor at Large of Crypto AM. “It seemed fitting therefore, as preparations for our great City of London to fully reopen continue, to stage a virtual event. I am extremely grateful to Coinintelligence, our sponsor CUDOS and our official partners including – of course – Umbria Network for stepping up to make it happen.”

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

Blockchain

Global Fintech Market Size To Worth USD 1009.10 Billion By 2033 | CAGR Of 14.01%

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Blockchain

Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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