Welcome back to Compliant Wednesday with the latest regulatory updates from around the globe! 🌍

Today:

🇺🇸 VP Harris' crypto stance pre-election
🇪🇺 Kraken acquires Dutch broker BCM
🇸🇪 Sweden classifies some crypto exchanges as money launderers
🇩🇪 Germany shuts down 47 crypto exchanges
🇭🇰 Hong Kong expands e-HKD project

Thread 🧵👇

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🧵1/5 🇺🇸 VP Kamala Harris unlikely to fully address crypto views before election, despite engaging with industry insiders. Both Harris and Trump campaigns in talks with crypto reps.

Our take: Crypto's growing role in political discussions signals more regulation ahead.

🧵3/5 🇸🇪 Swedish authorities classify certain crypto exchanges as "professional money launderers" due to organized crime links. Call for increased law enforcement on them.

Our take: Highlights vital role of regulation in ensuring  market integrity. Safety can't be compromised.

🧵4/5 🇩🇪 German authorities shut down 47 crypto exchanges for alleged criminal activities. Warn users of data seizure and potential prosecution.

Our take: Shows importance of tackling financial crime in crypto, but also highlights cross-border enforcement challenges.

🧵5/5 🇭🇰 Hong Kong Monetary Authority expands e-HKD project, focusing on tokenized asset settlement, programmability, and offline payments.

Our take: Hong Kong's innovative approach sets a precedent. Could develop into a fully-fledged regulated digital asset hub.

That's a wrap for this week's Compliant Wednesday! 📜 What are your thoughts on these regulatory developments? Share your insights in the comments below. 💬

Full article is on Medium:

That's a wrap for this week's Compliant Wednesday! 📜 What are your thoughts on these regulatory developments? Share your insights in the comments below. 💬

Full article is on Medium: https://link.swisstronik.com/zod

🧵2/5 🇪🇺 Kraken acquires Dutch broker Coin Meester (BCM), expanding its European footprint ahead of MiCA implementation. Gains VASP licenses in France and Poland.

Our take: Kraken's expansion leverages upcoming EU regulatory clarity. Other jurisdictions should take note.