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3iQ Expands Middle East Initiative and Strengthens Leadership Team with Strategic Advisor Hires

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3iQ Digital Asset Management (3iQ), a global trusted leader in digital asset investments, announces its expansion into the Middle East with the appointment of two new strategic advisors, Rachel Pether, CFA and Vinay Kapoor. The company has already established a strong presence in the region, launching the Middle East’s first exchange-listed Bitcoin Fund on Nasdaq Dubai.

The two new hires bring a wealth of experience in the EMEA region and extensive expertise in both traditional finance and digital asset management:

  • Rachel Pether, based in Abu Dhabi, brings over 15 years of experience in the EMEA region where she was previously responsible for SkyBridge Capital’s Middle East Operations. She spent nearly a decade at Mubadala Investment Company in their Capital Markets and Treasury team. She is currently the host of “Digital Asset Report” on FintechTV, and sits on the board of various digital asset and data companies.
  • Vinay Kapoor, based in Dubai, is a seasoned asset management professional with over 30 years of experience in the EMEA region. He previously held key positions at Citibank, Merrill Lynch, and the Bank of Singapore. He founded Fortius Management Advisors, an investment and private banking advisory business with a network of clients worth over $5 billion.

The newly hired advisors will help push forward 3iQ’s latest offering, their Outsourced Crypto Investment Office (OCIOTM). 3iQ’s OCIOTM is a tailored solution specifically designed to help institutional investors navigate the rapidly growing digital asset economy, addressing their needs from both a strategic, service, and investment perspective. With this innovative solution, investors gain access to a comprehensive suite of services including education and strategic planning, investment advisory, and a managed account platform (QMAP).

Pascal St-Jean, President of 3iQ, said: “We are thrilled to welcome Rachel and Vinay to our team as we expand into the Middle East. Their experience and knowledge in the region will be instrumental in helping us navigate this important market and continue to deliver industry firsts in digital asset investing.”

Rachel Pether, CFA bio: Rachel has an extensive capital markets background with over 15 years of experience in the EMEA region. Before to joining 3iQ, she was responsible for SkyBridge Capital’s Middle East Operations. Previously, she spent nearly a decade at Mubadala Investment Company in their Capital Markets and Treasury team. In 2014 the Association of Corporate Treasurers named Rachel “The One to Watch” in Treasury. Rachel is currently the host of “Digital Asset Report” on FintechTV, and serves as MC for international events, including SALT, AIM Summit, and the Global Entrepreneurship Summit. Rachel sits on the board of various digital asset and data companies, including cryptocurrency exchange MidChains, layer 1 blockchain HAQQ, and the Sovereign Wealth Fund Institute.

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Vinay Kapoor bio: Vinay is a seasoned asset management professional with over 30 years of experience in the EMEA region. Previously, he held key positions at Citibank, Merrill Lynch, and the Bank of Singapore. He also served as Vice Chairman of Interups Inc in New York. Prior to founding Fortius Management Advisors, an investment and private banking advisory business with a network of clients worth over $5 billion, Vinay was recognized as a top senior member at Merrill Lynch in the MENA region. Vinay is an APEX Board member and Authorized Signatory for over 5 years with a leading NGO that works with World Health Organization (WHO) and enjoys a special consultative status with United Nations.

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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1inch Network Teams Up with Blockaid for Shield API

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1inch Network has collaborated with Blockaid to introduce the 1inch Shield API, a pioneering advancement in Web3 security. This collaboration aims to enhance user protection within decentralized finance (DeFi) by bolstering defenses against fraudulent tokens. Blockaid, renowned for its expertise in Web3 security solutions, utilizes advanced data analytics and machine learning to swiftly identify and flag scam tokens, safeguarding users from potential financial risks.

The 1inch Shield API also addresses compliance with Anti-Money Laundering (AML) regulations through continuous screenings of blockchain addresses. Powered by TRM Labs, this feature scrutinizes addresses for associations with sanctioned entities and illicit activities, preemptively restricting suspect addresses to prevent regulatory infractions.

Additionally, 1inch integrates Etherscan Pro’s blocklisting capabilities to proactively blacklist suspicious addresses, further fortifying its security measures.

This initiative marks a significant milestone in DeFi security, promising unparalleled levels of security and compliance. As 1inch continues to deploy this technology across its platform, it aims to provide developers and users with enhanced protection and confidence in navigating the Web3 landscape.

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Source: cryptotimes.io

The post 1inch Network Teams Up with Blockaid for Shield API appeared first on HIPTHER Alerts.

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