📍Bitcoin surpasses Amazon to become the 5th largest asset in the world.

📍At the previous APPG on Blockchain Technologies Roundtables in January and May 2024, one of the key issues raised by industry stakeholders was the difficulty crypto and digital asset firms face in accessing banking services. ➡️ '..Challenges faced by start-ups, such as access to basic banking services, and proposes solutions, including mandating banks to facilitate transactions related to digital assets....' (J Burke, APPG Roundtable, May 2024) ➡️ '..Vadgama advocates for streamlined access to basic banking services for blockchain start-ups, highlighting the ongoing struggle to obtain essential financial infrastructure...' (APPG Roundtable, May 2024): 🇬🇧 Meeting minutes: 📄.pdf 🏛️ In a recent Parliamentary question, Gregory Stafford MP raised this issue with the Chancellor of the Exchequer. 🏛️ EST Emma Reynolds MP responded that the Government recognises that access to banking services is critical for operating a business, and is a matter of concern for certain sectors in particular such as the digital asset industry. The Government continues to engage with the banking sector and affected industries, as well as the regulator, to better understand the existing and emerging issues in this area. The Government also welcomes the Financial Conduct Authority (FCA) work to date on the factors leading banks to reject or close bank accounts. Where the FCA has found areas where firms need to improve customer outcomes, the Government expects firms to consider the FCA’s findings and act accordingly. This is a live policy area, and BBA will continue constructive, evidence-based dialogue with the stakeholders at our upcoming Roundtable on 3 June. #BlockchainPolicy #CryptoBanking #Web3UK #APPGBlockchain #DigitalAssets #Regulation #FinancialInclusion #FCA #HMtreasury #BritishBlockchainAssociation

🚨No DAO can thrive without a Constitution. 📍What makes a Decentralised Autonomous Organisation truly autonomous? It’s not just the code. Not just the tokens. Not just the community. It’s the Constitution. The foundational framework that governs power, rights, community, and change. ➡️ Today, over 80% of DAOs become inactive within a year. Why? Because without clear rules, they collapse under the weight of either anarchy, poor governance, tyranny or lack of a clear purpose. ✍🏽 This new peer-reviewed study, published in The JBBA, breaks new ground. It systematically analyses 27 real DAO constitutions to uncover: ➡️ The governance gaps that doom DAOs ➡️ A Constitutional Framework of building successful DAOs ➡️ The role of soft governance and community dynamics ➡️ How to prevent centralisation and rug pulls through better constitutional design ➡️ A comprehensive DAO Constitution Framework for Builders, researchers, and policymakers If you’re building a DAO, advising one, or legislating for them, this is a must-read. 📖 Read the full paper here:

Building the Foundation: A Constitutional Framework for Decentralised Autonomous Organisations | Published in The Journal of The British Blockchain Association

By Paul van Vulpen, Mats van Dijk & 1 more. This study provides a Constitutional Framework for DAOSs by investigating the contents of existing DAO ...

JBBA Editor in Chief: Prof. Dr @Prof Naseem Naqvi MBE MBE FBBA Authors: Paul van Vulpen et.al, Utrecht University Read more:

How to write a DAO Constitution: A new study | The British Blockchain Association posted on the topic | LinkedIn

🚨No DAO can thrive without a Constitution. 📍What makes a Decentralised Autonomous Organisation truly autonomous? It’s not just the code. ...

#DAO #Governance #Web3 #BlockchainLaw #DigitalConstitution #TheJBBA #Decentralisation #EvidenceBasedBlockchain

🇩🇪 New #JBBA citation from Germany's Technical University of Munich and Hochschule München University of Applied Sciences. ➡️ Original JBBA paper cited: 'Identity of Things: Applying concepts from Self Sovereign Identity to IoT devices' from Tim Weingärtner:

Identity of Things: Applying concepts from Self Sovereign Identity to IoT devices | Published in The Journal of The British Blockchain Association

By Tim Weingaertner, Oskar Camenzind. This research proposes "Identity of things" - A novel approach built on blockchain and decentralised identifi...

#Blockchain #IoT #SupplyChain #Web3

🚨 AI learns from our personal data — often without our consent. 📊 But what if we are in total control of when, where and how AI uses our data? ⛓️‍💥 Blockchain can fix this. Learn more about this at The #JBBA. #AIneedsBlockchain #AI #Blockchain

📍🇬🇧From 1 January 2026 if you provide cryptoasset services in the UK, you’ll have new responsibilities for collecting data and reporting it to HM Revenue & Customs. UK is introducing the Organisation for Economic Development (OECD) Cryptoasset Reporting Framework (CARF), and extending it to include domestic reporting. ➡️ Who will need to report: All UK-based ‘reporting cryptoasset service providers’ (RCASPs) will need to report to HMRC. ➡️ What counts as an RCASP: Your business is considered an RCASP if it either: 📍transacts cryptoassets on behalf of users provides a means for users to transact cryptoassets Some examples of an RCASP include cryptoasset: exchanges brokers dealers What counts as a cryptoasset A cryptoasset is a digital representation of value that uses a cryptographically secured distributed ledger (or similar technology) to validate and secure transactions. ➡️ To count as a cryptoasset under CARF, they must also be used for payment or investment purposes not need to be reported elsewhere under the Common Reporting Standard ➡️ What counts as UK-based: Your organisation is considered UK-based if any of these criteria apply: you’re a tax resident in the UK your business is incorporated in the UK your business is managed in the UK you have a regular place of business or branch in the UK If the criteria apply to both the UK and another country that follows CARF rules, you’ll only need to report in one country. To work out which country to report in, use the criteria as a hierarchy with tax residence at the top. You should report in the CARF country that is highest on the hierarchy. For example, if you’re a tax resident in France and your business is incorporated in the UK — you only have to report in France. This is because tax residence is first on the hierarchy. If two countries are at the same level on the hierarchy, you can choose which country you report in. For example, if you’re a tax resident in both the UK and Germany, you can choose to report in either the UK or Germany. ➡️ What you’ll need to do: If you’re a UK-based RCASP, you need to start collecting information about your users and their transactions from 1 January 2026. You may want to start collecting information earlier to prepare for the new rules. Find out what information you’ll need to collect. Depending on the information you collect, you may need to submit a report to HMRC. If required, you’ll need to submit your first report by 31 May 2027. Find out about reporting cryptoasset data to HMRC. By 31 January 2027, you’ll also need to: register with the online service — it’s not live yet, we’ll update the guidance once it is tell your users that you’ll be reporting their details. -------- The BBA is the UK's industry body advancing evidence-based adoption of #Blockchain and #Cryptoasset Technologies. BBA is the Secretariat of the APPG on Blockchain Technologies. #BBA #Blockchain #Crypto #Policy #Regulation

'..Securities are increasingly migrating to blockchain-based systems.... U.S. Securities and Exchange Commission Chairman Paul Atkins' remarks at the Crypto Task Force roundtable on tokenization yesterday: #Crypto #Web3 #Blockchain

📸 Some official photos from the Financial Times Summit. Thank you for the kind invitation and for hosting such an insightful event. Great to see key conversations shaping the future of Crypto, Web3, and Blockchain. @npub1c9nn...un5u #FTSummit #Blockchain #Crypto #Web3 #DigitalAssets #BBA

🛬 The JBBA has reached Singapore 🇸🇬! 📸 Chia Hock Lai

Decentralised Governance Frameworks from my favorite blockchain journal. Thanks The British Blockchain Association and Prof. Dr Naseem Naqvi MBE FBBA 😊 | Chia Hock Lai

Decentralised Governance Frameworks from my favorite blockchain journal. Thanks The British Blockchain Association and Prof. Dr Naseem Naqvi MBE F...

🌐 Top #Blockchain & #Crypto stories this week: 📍🇬🇧 UK Draft Rules Could Make It a ‘Safe Harbor’ for Crypto:

Cointelegraph

UK to become ‘safe harbor’ for crypto with new draft rules — Experts

The UK’s draft crypto laws seek to create a predictable, rule-based system for digital assets, classifying stablecoins as securities and requirin...

📍SEC Eyes DLT Exemptions to Encourage Tokenization SEC Commissioner Hester Peirce has proposed a new exemption allowing firms to issue and trade tokenized securities using DLT:

Ledger Insights - blockchain for enterprise

SEC proposes exemption for tokenization, DLT securities - Ledger Insights - blockchain for enterprise

Yesterday Commissioner Hester Peirce said that the Securities and Exchange Commission (SEC) is inspired by some of the sandbox environments offered in

📍Zimbabwe Launches Blockchain Carbon Credit Registry:

Bloomberg.com

Zimbabwe Debuts Blockchain Registry for Carbon-Credit Trading

Zimbabwe has debuted a blockchain-enabled registry that will allow approved project developers to trade the nation’s carbon credits.

📍🇬🇧UK Digital Assets Bill Clears Lords, Moves to Commons:

GOV.UK

Property (Digital Assets Etc.) Bill

Information relating to the Property (Digital Assets Etc.) Bill which was introduced to the House of Lords on 11 September 2024.

📍UK Police Arrest Three in $20M Crypto Fraud Probe:

Decrypt

UK Police Arrest Three in $20M Crypto Scam Investigation - Decrypt

The Metropolitan Police alleges that more than $20 million in stolen funds was laundered through a set of shell companies.

➡️ BBA is one of the world's oldest (est. 2017) and the most prestigious blockchain industry associations in the world, advancing evidence-based adoption of Blockchain and Cryptoasset technologies. 🇬🇧 The BBA is the Secretariat of the APPG on Blockchain Technologies. We work in collaboration with policymakers, regulators, industry stakeholders and civil society towards sensible adoption of #Web3 technologies. 📧 To join the BBA as a member or to contribute to our mission, reach out to us at: info@britishblockchainassociation.org #Blockchain #Crypto #Policy #Regulation #updates #Web3 #BBA