Analysis: Court Ordered Code – The Implications of a Forced Fork

The cryptocurrency space and the blockchain technology underlying it is constantly evolving. National authorities, central banks, regulators, and lawyers are constantly trying to keep up the pace. There are very few occasions where blockchain technology presents one with the opportunity to formulate legal arguments and an even broader legal strategy. The Bitgrail / Nano / XRB saga, however, presents us with...

Implementation of the PSA in Singapore and its impact

The Monetary Authority of Singapore (“MAS”) developed the Payment Services Act 2019 (the “PSA”) to provide a forward looking and flexible framework for the regulation of payment systems and payment service providers in Singapore. The PSA, in force since 28th January 2020, has implemented a new licensing regime to payment providers, exchanges and other platforms dealing with cryptocurrencies and digital payment...