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Happy Thursday <<First Name>>!

This week we are back to update you on the latest news in the crypto world. From the question whether the hype around NFTs is over to an advanced cryptocurrency-based crime report, we've got it all covered for you. On top of that, we included some very interesting podcasts so don't forget to check those out!



🤩 Crypto exchange Kraken has received a Financial Services Permission (FSP) license from the Abu Dhabi Global Market (ADGM) to operate a regulated exchange platform in the United Arab Emirates (UAE).

⛔ The SEC has added a handful of "misleading" crypto trading firms to its list of unregistered entities. In its press release, the SEC made it very clear that the Public Alert: Unregistered Soliciting Entities (PAUSE) list is meant only as a warning to investors and does not imply the firms on the list have violated U.S. securities laws.

🇸🇬 The Financial Services and Markets Bill (FSM Bill), which seeks to implement a financial sector wide regulatory approach for financial services and markets, was passed in Singapore Parliament on 5 April 2022. The FSM Bill will consolidate the provisions and powers that relate to the Monetary Authority of Singapore's (MAS) regulatory oversight of different financial institution classes in a single Act.


🤑 Twitter announced that is has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company.


😱 The decentralized Ethereum wallet MetaMask has come under attack after a user reported on Twitter that his iCloud was hacked and his entire wallet was stolen.


🫣 [Dutch] The hype around NFTs has decreased this year as investors are taking fewer risks due to the war in Ukraine and rising interest rates. Many have already lost a lot of money on the NFTs, into which tens of billions of dollars were pumped last year. If you want to know more about this topic, don't forget to check out the Podcast section below!

Is the NFT hype over already? (Dutch)
This episode of the BNR Podcast is all about NFTs. The Ronin blockchain network hack appears to be the work of a notorious North Korean hacker group. This is according to an investigation by the FBI and the NFT hype really seems to be waning now. One of the most eye-catching NFTs, the one from Jack Dorsey's first tweet, is up for sale again, but at a much lower price.

Why crypto Twitter's disrespect towards regulators is a really bad business decision (English)
In this episode of the Unchained Podcast two policy experts, Chris Lehane, chief strategy officer at Haun Ventures, and Niki Christoff, the founder of Christoff and Co., discuss how the crypto industry has performed in Washington and how it can better educate more regulators and politicians about the technology. The episode highlights, among other things, whether calling politicians and regulators names and making memes of them helps or hurts the crypto industry, an effective way crypto companies can prompt lawmakers and regulators to prioritise crypto policy and the three types of crypto users that are valuable to political candidates.

Authic, the first NFT platform in the Netherlands (Dutch)
This podcast is about NFTs and the possibilities they can offer you as a collector, art lover, dealer, or company. The Metaverse Mentors channel is an educational platform to bring the opportunity of learning about the Metaverse to everyone. Through the weekly Metaverse Podcast, important guests and speakers of the Metaverse and Technology world are being interviewed to get their opinions on a wide range of subjects. In this episode, not only information about NFTs is shared, but also visions for the future and the possibilities that the Authic platform offers for Benelux.

"I invested in Twitter as I believe in its potential to be the platform for free speech around the globe,"

- Elon Musk

👮🏼‍♀️ Chainalysis released its 2022 Crypto Crime Report regarding original data and research into cryptocurrency-based crime. The report will help you understand the latest trends, such as the continued growth of ransomware, DeFi's growing role in cryptocurrency-based crime and money laundering, how rogue nations utilize crypto for sanctions evasion and law enforcement's improving ability to seize crypto from criminal.

🏦 The Bank of International Settlements (BIS) has published its paper titled 'Central bank digital currencies: a new tool in the financial inclusion toolkit?'. The paper draws on interviews with nine central banks with advanced work on CBDCs and financial inclusion, as well as ongoing research and policy work at BIS and World Bank. It aims to facilitate peer learning on a key set of issues around CBDCs and financial inclusion policy faced by societies around the world.

📈 Gemini released its 2022 Global State of Crypto Report focussing on growing inflation combined with crypto.This report shares statistics on global adoption, barriers to entry and attitudes around cryptocurrency. For this report Gemini has surveyed nearly 30,000 adults across 20 countries.


Thank you for reading the latest edition of the Watsonlaw newsletter. If you have any content-related recommendations or news you'd like us to share for next time, please don't hesitate to reach out to or even better, directly connect with our team members Willem-Jan Smits and Jorie Corten. To stay up to date with all our updates and connect with our team, follow Watsonlaw on LinkedIn. Did we miss anything? Or perhaps something got you particularly intrigued? Do send us a message and let's talk! Ciao for now and see you again next time!

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Watsonlaw is a 's-Hertogenbosch-based law firm specializing in corporate and civil matters and the legal implications of new technologies in everyday life and business.

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