Regulatory Actions – ICOs and Digital Trading

Regulators in the digital asset space are focusing a significant amount of attention to Initial Coin Offerings (ICOs) and digital asset trading.  Their activities have included addressing the lack of transparency of exchanges that trade digital assets, jurisdictional issues, and the need to consider registration or qualifying for an exemption for ICOs and cryptocurrency-related investments…. READ MORE

LINKEDIN

What is Digital Mining? Behind the Distributed Ledger Curtain

What is Digital “Mining?” Blockchain or distributed ledger technology is a shared ledger, duplicated across a network of computers or operators of “nodes” on the network, typically referred to as “Miners”.   Blockchain secures the data using encryption and the decentralized manner of retaining individual records across a wide group of operators of nodes, so that… READ MORE

LINKEDIN

Oyster Consultants Contributors to HFM 2018 Bermuda Report

In the recently published HFM Bermuda 2018 Special Report, Oyster Consulting (Bermuda) Director Henry Komansky and Consultant Chiara Soria reflected on the incoming AML/ATF regulation and the evolving necessities of board governance as the island’s regulatory scope increases. (Excerpts) The pace of regulatory change continues to increase and the BMA has recently published a number… READ MORE

LINKEDIN

Practical Considerations for Firms with Clients in the Digital Assets Markets

As the popularity of digital assets/distributed ledger technology piques the interests of investors worldwide, firms registered with the SEC, FINRA, CFTC, NFA and the states must be prepared to determine if and how much they are interested in permitting their clients to participate in the volatile digital asset market. If so, as with all other… READ MORE

LINKEDIN

Oyster Consulting (Bermuda) Chairman Receives Lifetime Achievement Award

Brian R. Hall, OBE, received the Fred Reiss Lifetime Achievement Award at the Bermuda Captive Conference last week.  A former director and president of Johnson & Higgins, he is credited with taking the island’s captive insurance industry to global relevance. Hall also served as chair of the Bermuda College and the Insurance Advisory Committee (IAC),… READ MORE

LINKEDIN

Digital Assets – Are You Ready?

The securities and futures industries have a long history of creating, distributing, and trading new and innovative products and asset classes. Innovation is not without risk and successful firms have typically introduced disciplined processes to achieve compliance within existing regulations, even when there are gray areas. For broker-dealers, the suitability rule (2111) is the guiding… READ MORE

LINKEDIN

Blockchain Technology – Transforming Global Business Activities

For most people the term ‘blockchain’ is synonymous to ‘cryptocurrency,’ largely due to media coverage of the wild value fluctuations of cryptocurrencies like Bitcoin and block.one’s recent Initial Coin Offering (ICO) of its token, EOS. But they are very distinct, and blockchain technology could be the far more important of the two. Once you understand… READ MORE

LINKEDIN