Chain Reaction - 11th September 2023
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Chain Reaction - 11th September 2023
Uniswap rulings, defi policy recommendations and more
We had some great events this past week with Coinbase and their 1 year anniversary in Australia on Friday. Congratulations to John O 'Loghlen and the team on that.
We also had Block Earner and their major announcement/product feature on Thursday night https://twitter.com/AusDeFi/status/1699746063471775779?t=O3T0u4RvRk5yQnSAJhc9Tg&s=19
Great to see our friends at Hashlock at the NSW taskforce on Data, Digital and AI. https://www.linkedin.com/posts/fletcher-roberts-3013441a1_cyber-blockchain-crypto-activity-7105059075863810048-owde?utm_source=share&utm_medium=member_android
We also had a great time getting out the new community podcast this time with Brenda Saveluc from BlackGold Legal joining us.
We also wish all the best to our friends heading over to Token2049 in Singapore this week. There’s a large Telegram group of 150+ Aussies in a sort of trade delegation so if you’re interested in joining that let us know.
News
Very interesting to see a couple of pieces of proposed legislation related to DeFi come out from IOSCO and these 9 policy recommendations https://www.linkedin.com/posts/international-organization-of-securities-commissions-iosco-_defi-decentralisedfinance-iosco-activity-7105520104976621568-pMgY?utm_source=share&utm_medium=member_android
Speaking of DeFi, a favourable win for Uniswap here seeing them not held liable for fraud activity run on their platform given that this stretches the existing securities law and that the platform can be used for legitimate purposes too. https://news.bloomberglaw.com/securities-law/new-york-judge-previews-crypto-thinking-in-uniswaps-huge-win
Great to see this report on scams by BDO and summary from Michael Bacina (and highlighted by Julia Zhong) https://www.linkedin.com/posts/mikebacina_bdo-scams-report-activity-7099573444089974784-UyCL?utm_source=share&utm_medium=member_android
Senator Andrew Bragg’s bill on digital assets was rejected in senate this week https://cointelegraph.com/news/crypto-australian-lawmakers-send-back-crypto-bill-by-andrew-bragg
Coverage of the rejection of the Bragg bill here from KWM https://www.linkedin.com/feed/update/urn:li:activity:7105007795690749952?utm_source=share&utm_medium=member_android
Visa getting more into this space with this announcement on cross border payments https://fortune.com/crypto/2023/09/05/visa-stablecoin-usdc-solana-worldpay-nuvei-merchants-payments/
More mainstream news here with the LSE coming into the digital assets space in this news https://www.reuters.com/technology/lse-group-draws-up-plans-blockchain-based-digital-assets-business-ft-2023-09-04/
Great to see Pratik from DigitalX in the news talking about the Greyscale ruling
We’ll leave you with this great interview from Shiv Mehta with Chloe White where they go through regulation and policymaking
Tune in next week for another episode of Chain Reaction
About Aus DeFi Association
The Australian DeFi Association (Aus DeFi) is a non-profit community organization dedicated to increasing education and awareness of blockchain technology, specifically decentralized finance (DeFi) and web3-based projects. Their goal is to empower the Australian community with the knowledge and tools to participate in the decentralized economy, and to promote the adoption and growth of blockchain technology in Australia. They strive to provide a more grassroots approach to promoting blockchain technology compared to other industry-focused organizations in Australia, and to provide a platform for community members to learn about and engage with this emerging technology.
You can watch our recorded meetups and interviews here on YouTube: https://www.youtube.com/@ausdefiassociation3956/videos
Sponsors
We also thank all of our sponsors who help us run and organise and keep this association going. We could not do it without them so check out their details here