andres martinez zurita

Investment in cryptocurrencies, NFTs, DeFi, need or not to register in the Registry of Crypto Providers of the Bank of Spain?

By: Andrés Martínez – Zurita (guest author) As I discussed in a post in April 2022 on my LinkedIn profile, I was involved in advising on the incorporation of an investment vehicle, which would invest in cryptocurrencies, NFTs, DeFi (decentralized finance), in various Liquidity Pools, etc. Does a crypto-investment company need authorization or registration? As…

The key is the United States and BRICS

By: David Madrona (guest author) The US superpower has the key to establish and position itself in the new multipolar world, captained by a BRICS (Union and alliance of countries originally formed by Brazil, Russia, India, China and South Africa), in which more and more political formations agree with an abandonment of the dollar standard,…

Alfredo Collosa

The advantages of blockchain in tax administrations and use cases

By: Alfredo Collosa (guest author) Increasingly, Tax Administrations (TAs) are using Blockchain in their activity; which requires a review, exposed in this article, where its main advantages and some of the use cases are discussed. BLOCKCHAIN ADVANTAGES Blockchain has advantages such as security, decentralization of the network with smart contracts that can streamline and optimize…

Eduardo Ubide

Blockchain and international trade

By: Eduardo Ubide (guest author) The international environment and mechanics related to international trade are constantly evolving. In addition, remote relationships between customer and supplier, aspects related to trust, agility and operating costs, force us to look towards other alternatives that, in one way or another, allow international trade of products and services to grow…

Carlos Salinas

Web3 and the financial sector

By: Carlos Salinas (guest author) This has been a difficult year for the sector…cryptocurrency prices are constantly falling, NFT trading volumes are at rock bottom and some of the pioneers in this technology are going bankrupt, mainly due to risk management issues. Web3 financial applications are the ones that have mostly adapted the technology, where…

Francis Sanchez QalyGEN

Use Case: Blockchain and genomics

By: Francis Sánchez (guest author) James Watson was the co-author of the research that determined the helical structure of DNA and for this he was awarded the Nobel Prize in Medicine in 1962. James Watson said: “Before we thought that the future was in the stars, now we know that the future is in our…

Tornado cash

The tornado cash case: righteous for sinners.

Tornado Cash[1] is a protocol of the ethereum blockchain that began operating in 2019 with the aim of mixing crypto assets to make transactions anonymous. The OFAC (Office of Foreign Assets Control) of the United States sanctioned Tornado Cash on August 7 based on Executive Order (E.O.) 13694[2]. The ban follows the line already started…

gafi

FATF and “the travel rule” in cryptocurrencies

The Financial Action Task Force (FATF or FATF) is an intergovernmental organization created in 1989 by the member countries of the G-7. Its function is to set international standards and promote the effective implementation of policies, legal, regulatory and operational measures to prevent and combat money laundering, the financing of terrorism and the financing of…

Euro digital

Crypto regulation in Europe: a carrot-and-stick policy

In recent weeks, various information has been published on how the European Union intends to regulate the disruptive world of cryptocurrencies. On the one hand, the European Commission has given the green light to the regulation on a pilot scheme for market infrastructures based on decentralized registry technology (DLT). The goal is to store traditional…