ConsenSys Responds to The UK Treasury's Consultation on Crypto Assets and DeFi
In this letter to the UK's HM Treasury, we comment on important questions such as whether validation activities should be regulated, what are the challenges of regulating DeFi, and whether industry best practices should be formalised into regulation.by May 30, 2023Efforts of Many: An Overview of the Ethereum Protocol
Just as the web today is a product of the contributions from many people working on a broad computer programming spectrum, so too is Ethereum a product of the disparate work of thousands of people working on different ideas.by May 9, 2023ConsenSys Comments on FSB’s DeFi Report and the FSB Recommendations on Cryptoassets
FSB’s proposed global standards for crypto activities need to be adapted to make them suitable for DeFi.by March 17, 2023Liquid Staking Needs Clear Tax Rules – The UK Shows a Possible Way Forward
In this response to the UK tax authority's Call to Evidence, we argue that we need to create clear tax rules for staking and other DeFi activities, rather than extending the current rules for securities lending to DeFi activities.by January 11, 2023ConsenSys Responds to U.S. Department of the Treasury's Request for Comment on the Responsible Development of Digital Assets
In this letter to the U.S. Department of Treasury, we discuss how the programmable blockchain ecosystem is innovating to mitigate financial crime risks pertaining to digital assets, specifically the theft of private keys through phishing, malicious smart contracts, and compromised front-end user interfaces.by November 8, 2022ConsenSys Comments on U.S. Department of the Treasury's Request for Comment on the Responsible Development of Digital Assets
In this letter to the U.S. Department of Treasury, we outline the steps we are taking for the responsible development of digital assets as well how risks can be mitigated. We comment on the facilitation of further blockchain network adoption and legislative and regulatory initiatives relevant to this comment.by August 12, 2022