📍🇬🇧 Financial Conduct Authority is now seeking views on proposed rules and guidance for the activities of issuing a qualifying stablecoin and safeguarding qualifying cryptoassets, including qualifying stablecoins. 📍Who this is for: The proposals will affect consumers and firms who use, or interact with: ✅Qualifying stablecoins ✅Qualifying cryptoassets ✅Traditional finance custodians ➡️ Who needs to read this document: - Firms that issue, or are seeking to issue, fiat-referenced stablecoins in the UK. - Firms that wish to make use of qualifying stablecoins within wider activities (such as retail payments or on-and off-ramping). - Cryptoasset custodians and other firms that carry out, or seek to carry out, safeguarding of qualifying cryptoassets. - Industry groups, law firms and trade bodies representing firms in the cryptoasset sector Auditors providing services to cryptoasset firms. - Professional advisers in the cryptoasset sector. - Consumers and groups representing consumer interests. ------- 🏛️🇬🇧 BBA is the UK's leading industry body established in 2017. We work in collaboration with policymakers, regulators and industry to advance evidence-based adoption of Blockchain technologies. BBA is also the secretariat of APPG on Blockchain Technologies. #FCA #BBA #Stablecoins #Crypto #Blockchain Daniel Harrison

🇬🇧 UK crypto ownership has jumped from 18% to 24%, according to a survey by the crypto exchange Gemini. According to Gemini’s 2025 “State of Crypto” report, despite lacking dedicated regulation like MiCA, the UK outpaced the US on crypto adoption. Memecoins are driving entry into crypto markets, the survey showed. U.K. ownership rose to 24% from 18% in 2024, while France hit 21% (up from 18%). The U.S. ticked up to 21%, and Singapore led with 28%, up from 26%, according to a recent consumer survey by the crypto exchange. More via @CoinDesk:

Gemini Survey Finds Global Crypto Ownership Increased in 2025, Led by the UK

UK ownership jumped from 18% to 24%, according to a survey by the crypto exchange.

💥 📣 NEW JBBA RESEARCH ALERT: 📍 The Impact of the Exchange Fees on Impermanent Loss of Liquidity Providers for Conservative Automated Market Makers (#AMM) 🚨 This study challenges the long-held belief that liquidity providers (#LPs) in AMMs are destined to suffer impermanent losses. For the first time, the authors provide closed-form formulas and #data-driven modelling showing that impermanent gain is not only possible but prevalent in systems like #Uniswap, Balancer, and #Curve, when non-zero #exchange fees and small trade volumes intersect. Key Highlights Redefining Risk: The paper analytically proves that impermanent gain exists in a significant share of real-world #Ethereum-based AMM trades, especially where fees are appropriately set. Empirical Evidence: Historical data shows that over 95% of trades in pools like #Uniswap and #Sushiswap led to impermanent gains for LPs, flipping the narrative on its head. Dynamic Fee Strategy: The authors propose a simple yet powerful approach to adjust AMM #fee rates based on historical #trade volumes, optimising profitability and mitigating #risk. Applicable Models: Explicit formulas for AMM pricing mechanics and impermanent gains are derived and simulated for Uniswap, #Balancer, and Curve, making this a key reference for #DeFi researchers and #protocol designers. This paper advances the #microeconomic theory of DeFi and contributes to smarter, more resilient liquidity management in decentralised #markets. ✅ Published Open Access in The #JBBA:

The Impact of the Exchange Fees on Impermanent Loss of Liquidity Providers for Conservative Automated Market Makers | Published in The Journal of The British Blockchain Association

By Roman Vlasov, Vladimir Gorgadze & 1 more. This article examines the effect of the exchange fees on the divergence losses of the automated market...

✍🏽 Research from Roman Vlasov, Professor Vladimir Gorgadze of Moscow Institute of Physics and Technology (State University) (MIPT) and Artem Barger of Idea Blockchain Research Lab, Haifa, #Israel. ✅ Indexed in DOAJ and Web of Science, read by > 1 Million readers a month. 📚This paper will be featured in the *16th* issue of The JBBA (on track for Oct 2025). ➡️ Submit your articles to The JBBA:

For Authors | The Journal of The British Blockchain Association

JBBA is the world’s first peer reviewed, scientific Blockchain journal that is available both in-print, and online.

#JBBA #DeFi #LiquidityProviders #AMM #BlockchainResearch #Uniswap #Balancer #Curve #CryptoEconomics #Tokenomics #DecentralisedFinance #Blockchain

📍Dubai has become the first city in the MENA region to roll out a government-backed tokenized real estate platform, launched by the Dubai Land Department. The pilot platform enables fractional property ownership from as little as AED 2,000 ($545), with oversight from Central Bank of The UAE and the Virtual Assets Regulatory Authority [VARA]. The initiative marks a major step toward real-world asset tokenization in one of the world’s most forward-looking crypto hubs.

XRP, RWA News: Dubai Land Department Unveils Real Estate Tokenization Platform

The new platform lets investors buy fractional ownership in Dubai property, with title deeds tokenized on the XRP Ledger network.

🚨 Blockchain is no longer an “emerging tech” — it now sits at the heart of the global digital economy, according to the DET 2025 Report by Digital Cooperation Organization (DCO). Prof Dr @Prof Naseem Naqvi MBE MBE #Blockchain #Web3 #DigitalEconomy #Economic #Growth #Data #Crypto

The deadline for submission of papers for the *16th* issue of the JBBA is 27 June 2025. The Journal is on track for October. Submit your papers here:

For Authors | The Journal of The British Blockchain Association

JBBA is the world’s first peer reviewed, scientific Blockchain journal that is available both in-print, and online.

#JBBA #Blockchain #Crypto #Web3 #Research #EvidenceBasedBlockchain

🇧🇷 New JBBA citation from Federal University of Rio de Janeiro and Brazilian Development Bank (BNDES) The Brazilian Development Bank (BNDES) is a federal public institution, associated with the Ministry of Development, Industry and Foreign Trade, Brazil. 📄 Original #JBBA paper cited here: 'Blockchain Governance and The Role of Trust Service Providers: The TrustedChain® Network' (Marcella Atzori, PhD. 2018):

Blockchain Governance and The Role of Trust Service Providers: The TrustedChain® Network | Published in The Journal of The British Blockchain Association

By Marcella Atzori. This paper outlines the main features of TrustedChain®, the first blockchain network of European Trust Service Providers, with...

The JBBA is the world's first peer reviewed open access blockchain research journal available in print and online, publishing continuosly since 2017. It is read in 150+ countries worldwide by 10 million+ readers a month, both via DOAJ, Web of Science, and indexed at 900+ university libraries. #Blockchain #EvidenceBasedBlockchain #Web3 #Crypto #Research

🇬🇧 Last week, BBA submitted its official response to HM Treasury's Draft Statutory Instrument on Cryptoassets (FSMA 2000 – Regulated Activities and Miscellaneous Provisions Order 2025). ➡️ We commend HM Treasury for taking a proactive and consultative approach to extending the FSMA perimeter to cover cryptoasset-related activities. The draft SI marks a significant step towards regulatory clarity, aligning, in parts, with the EU’s MiCA framework and the UK’s financial promotions regime. ⚖️ However, in regulating such a fast-evolving sector, proportionality and precision matter. Our submission identifies areas where greater clarity is needed in definitions, scope, and operational feasibility to avoid unintended consequences. 📍While the DSI reflects a move from broad principles to detailed codification, some provisions remain high-level and open to interpretation. Our response sets out technical recommendations, policy considerations, and #evidence gaps that merit further attention. A big thank you to our advisors, members and partners for supporting this important submission. 🏛️ As the UK's leading industry body advancing evidence based adoption of Web3 technologies, and as Secretariat of the APPG on Blockchain Technologies, we will continue to upskill, educate, inform and guide legislators and policymakers on Blockchain and Cryptoasset technologies. Emma Reynolds Rt Hon Rachel Reeves Prof. Dr @Prof Naseem Naqvi MBE MBE FBBA Larisa Yarovaya Lord Iain McNicol Financial Conduct Authority #CryptoRegulation #UKBlockchain #Policy #FSMA #DigitalAssets #BBA #Web3 #CryptoCompliance #MiCA #CryptoLaw

📍The BBA Ecosystem: #BBA #Web3 #Blockchain #Crypto #EvidenceBasedBlockchain Read more:

🌐 The BBA Ecosystem | The British Blockchain Association

📍The BBA Ecosystem: #BBA #Web3 #Blockchain #Crypto #EvidenceBasedBlockchain

🇺🇸 New JBBA citation from University of the Cumberlands, Kentucky, #USA. ➡️ Original JBBA paper cited here is BT Group's E Moro's paper, "Distributed Ledger Technologies and the Internet of Things: A Devices Attestation System for Smart Cities (JBBA, 2020):

Distributed Ledger Technologies and the Internet of Things: A Devices Attestation System for Smart Cities | Published in The Journal of The British Blockchain Association

By Evandro Pioli Moro, Alistair Keith Duke. This research proposes a decentralized, attack resilient DLT- IoT Devices Attestation System for Smart ...

#IoT #Blockchain #SmartCities

📍Bitcoin surpasses Amazon to become the 5th largest asset in the world.

📍At the previous APPG on Blockchain Technologies Roundtables in January and May 2024, one of the key issues raised by industry stakeholders was the difficulty crypto and digital asset firms face in accessing banking services. ➡️ '..Challenges faced by start-ups, such as access to basic banking services, and proposes solutions, including mandating banks to facilitate transactions related to digital assets....' (J Burke, APPG Roundtable, May 2024) ➡️ '..Vadgama advocates for streamlined access to basic banking services for blockchain start-ups, highlighting the ongoing struggle to obtain essential financial infrastructure...' (APPG Roundtable, May 2024): 🇬🇧 Meeting minutes: https://britishblockchainassociation.org/wp-content/uploads/2024/05/Blockchain-Technologies-APPG-Minutes-from-APPG-Roundtable-May-2024.pdf 🏛️ In a recent Parliamentary question, Gregory Stafford MP raised this issue with the Chancellor of the Exchequer. 🏛️ EST Emma Reynolds MP responded that the Government recognises that access to banking services is critical for operating a business, and is a matter of concern for certain sectors in particular such as the digital asset industry. The Government continues to engage with the banking sector and affected industries, as well as the regulator, to better understand the existing and emerging issues in this area. The Government also welcomes the Financial Conduct Authority (FCA) work to date on the factors leading banks to reject or close bank accounts. Where the FCA has found areas where firms need to improve customer outcomes, the Government expects firms to consider the FCA’s findings and act accordingly. This is a live policy area, and BBA will continue constructive, evidence-based dialogue with the stakeholders at our upcoming Roundtable on 3 June. #BlockchainPolicy #CryptoBanking #Web3UK #APPGBlockchain #DigitalAssets #Regulation #FinancialInclusion #FCA #HMtreasury #BritishBlockchainAssociation

🚨No DAO can thrive without a Constitution. 📍What makes a Decentralised Autonomous Organisation truly autonomous? It’s not just the code. Not just the tokens. Not just the community. It’s the Constitution. The foundational framework that governs power, rights, community, and change. ➡️ Today, over 80% of DAOs become inactive within a year. Why? Because without clear rules, they collapse under the weight of either anarchy, poor governance, tyranny or lack of a clear purpose. ✍🏽 This new peer-reviewed study, published in The JBBA, breaks new ground. It systematically analyses 27 real DAO constitutions to uncover: ➡️ The governance gaps that doom DAOs ➡️ A Constitutional Framework of building successful DAOs ➡️ The role of soft governance and community dynamics ➡️ How to prevent centralisation and rug pulls through better constitutional design ➡️ A comprehensive DAO Constitution Framework for Builders, researchers, and policymakers If you’re building a DAO, advising one, or legislating for them, this is a must-read. 📖 Read the full paper here:

Building the Foundation: A Constitutional Framework for Decentralised Autonomous Organisations | Published in The Journal of The British Blockchain Association

By Paul van Vulpen, Mats van Dijk & 1 more. This study provides a Constitutional Framework for DAOSs by investigating the contents of existing DAO ...

JBBA Editor in Chief: Prof. Dr @Prof Naseem Naqvi MBE MBE FBBA Authors: Paul van Vulpen et.al, Utrecht University Read more:

How to write a DAO Constitution: A new study | The British Blockchain Association posted on the topic | LinkedIn

🚨No DAO can thrive without a Constitution. 📍What makes a Decentralised Autonomous Organisation truly autonomous? It’s not just the code. ...

#DAO #Governance #Web3 #BlockchainLaw #DigitalConstitution #TheJBBA #Decentralisation #EvidenceBasedBlockchain

🇩🇪 New #JBBA citation from Germany's Technical University of Munich and Hochschule München University of Applied Sciences. ➡️ Original JBBA paper cited: 'Identity of Things: Applying concepts from Self Sovereign Identity to IoT devices' from Tim Weingärtner:

Identity of Things: Applying concepts from Self Sovereign Identity to IoT devices | Published in The Journal of The British Blockchain Association

By Tim Weingaertner, Oskar Camenzind. This research proposes "Identity of things" - A novel approach built on blockchain and decentralised identifi...

#Blockchain #IoT #SupplyChain #Web3

🚨 AI learns from our personal data — often without our consent. 📊 But what if we are in total control of when, where and how AI uses our data? ⛓️‍💥 Blockchain can fix this. Learn more about this at The #JBBA. #AIneedsBlockchain #AI #Blockchain

📍🇬🇧From 1 January 2026 if you provide cryptoasset services in the UK, you’ll have new responsibilities for collecting data and reporting it to HM Revenue & Customs. UK is introducing the Organisation for Economic Development (OECD) Cryptoasset Reporting Framework (CARF), and extending it to include domestic reporting. ➡️ Who will need to report: All UK-based ‘reporting cryptoasset service providers’ (RCASPs) will need to report to HMRC. ➡️ What counts as an RCASP: Your business is considered an RCASP if it either: 📍transacts cryptoassets on behalf of users provides a means for users to transact cryptoassets Some examples of an RCASP include cryptoasset: exchanges brokers dealers What counts as a cryptoasset A cryptoasset is a digital representation of value that uses a cryptographically secured distributed ledger (or similar technology) to validate and secure transactions. ➡️ To count as a cryptoasset under CARF, they must also be used for payment or investment purposes not need to be reported elsewhere under the Common Reporting Standard ➡️ What counts as UK-based: Your organisation is considered UK-based if any of these criteria apply: you’re a tax resident in the UK your business is incorporated in the UK your business is managed in the UK you have a regular place of business or branch in the UK If the criteria apply to both the UK and another country that follows CARF rules, you’ll only need to report in one country. To work out which country to report in, use the criteria as a hierarchy with tax residence at the top. You should report in the CARF country that is highest on the hierarchy. For example, if you’re a tax resident in France and your business is incorporated in the UK — you only have to report in France. This is because tax residence is first on the hierarchy. If two countries are at the same level on the hierarchy, you can choose which country you report in. For example, if you’re a tax resident in both the UK and Germany, you can choose to report in either the UK or Germany. ➡️ What you’ll need to do: If you’re a UK-based RCASP, you need to start collecting information about your users and their transactions from 1 January 2026. You may want to start collecting information earlier to prepare for the new rules. Find out what information you’ll need to collect. Depending on the information you collect, you may need to submit a report to HMRC. If required, you’ll need to submit your first report by 31 May 2027. Find out about reporting cryptoasset data to HMRC. By 31 January 2027, you’ll also need to: register with the online service — it’s not live yet, we’ll update the guidance once it is tell your users that you’ll be reporting their details. -------- The BBA is the UK's industry body advancing evidence-based adoption of #Blockchain and #Cryptoasset Technologies. BBA is the Secretariat of the APPG on Blockchain Technologies. #BBA #Blockchain #Crypto #Policy #Regulation

'..Securities are increasingly migrating to blockchain-based systems.... U.S. Securities and Exchange Commission Chairman Paul Atkins' remarks at the Crypto Task Force roundtable on tokenization yesterday: #Crypto #Web3 #Blockchain

📸 Some official photos from the Financial Times Summit. Thank you for the kind invitation and for hosting such an insightful event. Great to see key conversations shaping the future of Crypto, Web3, and Blockchain. @npub1c9nn...un5u #FTSummit #Blockchain #Crypto #Web3 #DigitalAssets #BBA

🛬 The JBBA has reached Singapore 🇸🇬! 📸 Chia Hock Lai

Decentralised Governance Frameworks from my favorite blockchain journal. Thanks The British Blockchain Association and Prof. Dr Naseem Naqvi MBE FBBA 😊 | Chia Hock Lai

Decentralised Governance Frameworks from my favorite blockchain journal. Thanks The British Blockchain Association and Prof. Dr Naseem Naqvi MBE F...

🌐 Top #Blockchain & #Crypto stories this week: 📍🇬🇧 UK Draft Rules Could Make It a ‘Safe Harbor’ for Crypto:

Cointelegraph

UK to become ‘safe harbor’ for crypto with new draft rules — Experts

The UK’s draft crypto laws seek to create a predictable, rule-based system for digital assets, classifying stablecoins as securities and requirin...

📍SEC Eyes DLT Exemptions to Encourage Tokenization SEC Commissioner Hester Peirce has proposed a new exemption allowing firms to issue and trade tokenized securities using DLT:

Ledger Insights - blockchain for enterprise

SEC proposes exemption for tokenization, DLT securities - Ledger Insights - blockchain for enterprise

Yesterday Commissioner Hester Peirce said that the Securities and Exchange Commission (SEC) is inspired by some of the sandbox environments offered in

📍Zimbabwe Launches Blockchain Carbon Credit Registry:

Bloomberg.com

Zimbabwe Debuts Blockchain Registry for Carbon-Credit Trading

Zimbabwe has debuted a blockchain-enabled registry that will allow approved project developers to trade the nation’s carbon credits.

📍🇬🇧UK Digital Assets Bill Clears Lords, Moves to Commons:

GOV.UK

Property (Digital Assets Etc.) Bill

Information relating to the Property (Digital Assets Etc.) Bill which was introduced to the House of Lords on 11 September 2024.

📍UK Police Arrest Three in $20M Crypto Fraud Probe:

Decrypt

UK Police Arrest Three in $20M Crypto Scam Investigation - Decrypt

The Metropolitan Police alleges that more than $20 million in stolen funds was laundered through a set of shell companies.

➡️ BBA is one of the world's oldest (est. 2017) and the most prestigious blockchain industry associations in the world, advancing evidence-based adoption of Blockchain and Cryptoasset technologies. 🇬🇧 The BBA is the Secretariat of the APPG on Blockchain Technologies. We work in collaboration with policymakers, regulators, industry stakeholders and civil society towards sensible adoption of #Web3 technologies. 📧 To join the BBA as a member or to contribute to our mission, reach out to us at: info@britishblockchainassociation.org #Blockchain #Crypto #Policy #Regulation #updates #Web3 #BBA