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Blockchain Association
Blockchain Association

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Nov 12, 2021

Blockchain Association’s Analysis of the PWG Stablecoin Report

On Monday, November 1st, the President’s Working Group on Financial Markets (PWG) published its long-awaited “Report on Stablecoins.” Divided into three sections, 1) Background 2) Risks and Regulatory Gaps 3) Recommendations, the report recommends that “Congress act promptly to enact legislation to ensure that payment stablecoins and payment stablecoin arrangements…

6 min read

Blockchain Association’s Analysis of the PWG Stablecoin Report
Blockchain Association’s Analysis of the PWG Stablecoin Report

6 min read


Oct 28, 2021

BA Responds to the Financial Action Task Force’s “Updated Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers”

This morning, the Financial Action Task Force (FATF) released its “Updated Guidance for a Risk-Based Approach to Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs).” This blog post will summarize key takeaways from this guidance and posit potential implications that it might have for industry. Context and Background: The…

6 min read

BA Responds to the Financial Action Task Force’s “Updated Guidance for a Risk-Based Approach to…
BA Responds to the Financial Action Task Force’s “Updated Guidance for a Risk-Based Approach to…

6 min read


Oct 17, 2021

Debunking Common Stablecoin Myths

The inherent qualities of cryptocurrencies are desirable for any payment system. They allow for peer-to-peer transfer of value online; they are available 24 hours a day/7 days a week; and they facilitate an almost instantaneous transfer of value. The only problem with this novel asset class is most cryptocurrencies fluctuate…

7 min read

Debunking Common Stablecoin Myths
Debunking Common Stablecoin Myths

7 min read


Jul 27, 2021

Filecoin Foundation Board Chair Marta Belcher testifies before the Senate Banking Committee

On July 27, 2021, Marta Belcher, Board Chair of the Filecoin Foundation, testified before the Senate Committee on Banking, Housing and Urban Affairs, chaired by Senator Sherrod Brown. Ms. Belcher’s testimony focused on answering the central question posed in the hearing: “What are cryptocurrencies good for?” Her answer primarily focused…

5 min read

Filecoin Foundation Board Chair Marta Belcher testifies before the Senate Banking Committee
Filecoin Foundation Board Chair Marta Belcher testifies before the Senate Banking Committee

5 min read


Jul 13, 2021

BA Responds to the Board of Governors of the Federal Reserve System’s Request for Comment

Yesterday, the Blockchain Association submitted a letter in response to the Federal Reserve’s request for comment on the establishment of guidelines for the review of banks’ requests for access to Fed master accounts and related services. The BA welcomes the Fed’s effort to establish a principles-based framework for the review…

2 min read

BA Responds to the Board of Governors of the Federal Reserve System’s Request for Comment
BA Responds to the Board of Governors of the Federal Reserve System’s Request for Comment

2 min read


Apr 20, 2021

FATF Must Consider New Approach to Accomplish AML/CFT Goals

Today, the Blockchain Association submitted a response to the Financial Action Task Force’s (FATF) Draft Updated Guidance that seeks to address potential illicit activity in the decentralized financial ecosystem. The Blockchain Association fears that the guidance’s approach to addressing these risks would be ineffective. At the same time, if implemented…

4 min read

FATF Must Consider New Approach to Accomplish AML/CFT Goals
FATF Must Consider New Approach to Accomplish AML/CFT Goals

4 min read


Mar 29, 2021

Blockchain Association Submits Second Comment Letter on FinCEN’s Crypto Notice of Proposed Rulemaking

This week, the Blockchain Association submitted an additional comment letter in response to the Notice of Proposed Rulemaking (the “NPRM”) titled “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets.” In its response, the Association advocated for a recordkeeping requirement instead of FinCEN’s proposed reporting requirement. Transparent blockchains…

4 min read

Blockchain Association Submits Second Comment Letter on FinCEN’s Crypto Notice of Proposed…
Blockchain Association Submits Second Comment Letter on FinCEN’s Crypto Notice of Proposed…

4 min read


Feb 16, 2021

Contextualizing the Debate: An Examination of the Energy Consumption of Cryptocurrency Mining

The environmental effects of cryptocurrency mining are hotly debated. One can find articles arguing that the energy consumption of mining cryptocurrencies is not dangerous for Earth’s climate, but one can find just as many articles arguing that the energy used for mining cryptocurrencies will wildly exacerbate global warming and climate…

6 min read

Contextualizing the Debate: An Examination of the Energy Consumption of Cryptocurrency Mining
Contextualizing the Debate: An Examination of the Energy Consumption of Cryptocurrency Mining

6 min read


Feb 11, 2021

Anchorage Becomes First Ever Federally Chartered Digital Asset Bank

Last month represented a major breakthrough for the future of the cryptocurrency economy: the Office of the Comptroller of the Currency (OCC) approved the conversion of Anchorage Trust Company, chartered in South Dakota, to become Anchorage Digital Bank National Association, a federally chartered trust company. Anchorage’s receipt of this national…

Cryptocurrency

2 min read

Anchorage Becomes First Ever Federally Chartered Digital Asset Bank
Anchorage Becomes First Ever Federally Chartered Digital Asset Bank
Cryptocurrency

2 min read


Jan 5, 2021

BA Urges Treasury to Extend Comment Period for Proposed “Unhosted Wallets” Regulation

Today, the Blockchain Association submitted a comment letter urging the Department of Treasury (Treasury) to extend the comment period for its notice of proposed rulemaking (NPRM) entitled “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets.” …

2 min read

BA Urges Treasury to Extend Comment Period for Proposed “Unhosted Wallets” Regulation
BA Urges Treasury to Extend Comment Period for Proposed “Unhosted Wallets” Regulation

2 min read

Blockchain Association

Blockchain Association

707 Followers

The unified voice of the blockchain industry. theblockchainassociation.org

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