Working Group Finance - INATBA
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The Working Group contributes to meaningful blockchain and DLT policy
recommendations and research by participating in multiple bilateral discussions
with regulators as well as with relevant stakeholders and formulating industry leading content.
FinanceWORKING GROUPSOther Working GroupsWORKING GROUPSFinanceThe Working Group contributes to meaningful
blockchain and DLT policy recommendations and
research by participating in multiple bilateral discussions
with regulators as well as with relevant stakeholders
and formulating industry leading content.
Other Working GroupsJoin INATBA

Purpose

Jean Christophe Mathonet _ FeenPOP _ Founder

ProSquare

Jean-Christophe Mathonet

Co-Chair
Izzat-Begum Rajan

Imani Partners

Izzat-Begum Rajan

Co-Chair

The Working Group is set up to leverage member expertise and knowledge of DLT-based finance issues into policy recommendations. The overall community active within the WG seeks to become a leading voice across the blockchain and DLT space and help form solid and welcomed levels of influence on prospective legislation.

 

Objectives

The WG has selected three objectives around which it will carry out its annual work. The common goal of the objectives is to form valuable recommendations to policymakers and best-in-class content to members.

• Influence discussion on proposed regulations (MiCA, PRR, etc.) via consultation responses, reports, and speaking opportunities.

• Dedicate significant resources and facilitate knowledge sharing for policy proposals (MiCA, FATF and TAX UD).

• Analyse and expand understanding and influence of European DeFi and Decentralised Protocol policy initiatives.

Outputs

Response to UK Consultation on DeFi Taxation

>>

Position on Directive of Administrative Cooperation (DAC8)

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Response to FSB's Crypto Markets and Global Stablecoin Arrangements

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Position on DLT-Based CBDC Development

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TFOFR – INATBA Second Response with Amendment Suggestions

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TOFR Compliance Tools – How CASPs Can Achieve ML/TF Compliance

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Event: Are Crypto-Assets Different? – Ensuring Proportionality and Technological Neutrality in the AML Standards of the EU

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Paper 1 on Decentralised Finance (DeFi)

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Paper 2 on Decentralised Autonomous Organisations (DAOs)

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Paper 3 on Non-Fungible Tokens (NFTs)

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Paper 4 on Crypto-Asset Regulatory Sandboxes

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Anti-Money Laundering Package (AMLR & Travel Rule) – Initial Response

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Response to European Central Bank’s Public Consultation on Digital Euro

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MiCA Task Force Industry Response to MiCA Regulation Proposal

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Policy Position on Market in Crypto-Assets (MiCA) Regulation

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Initial Response to European Commission’s MiCA Regulation

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Policy Position on DLT Pilot Regime (PRR)

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Subgroups

The Group has been divided into three Sub-Groups:

The first Sub-group focuses on:
– Issuance of security tokens / crowdfunding
– Token classification
– Post trade, post market, custodian on digital asset
– Stablecoins

The second Sub-group focuses on:
– AML
– License requirements for crypto exchanges, wallet providers and similar entities
– Investment funds/asset management

The third Sub-group focuses on Decentralised Finance
– Research the threats and opportunities of Decentralized Finance
– Review the current regulatory hurdles for adoption
– Analyse the industry players and prepare INATBA members for how to use the applications of Decentralized Finance

Why is it essential?

Finance is undoubtedly a sector with strong potential for blockchain and DLT application and use cases. This includes both solutions developed by large and small financial institutions as well as start-ups and new projects. Moreover, this area is also of high interest for public sector entities and authorities at both the national and international level (EU and non-EU).