Regulations shouldn't drown businesses in paperwork and stifle innovation. The US Financial Crimes Enforcement Network, US Treasury is looking to strengthen anti-money laundering guidelines and CCI wants them to get it right. We believe businesses need room to grow, unnecessary paperwork clogs the system, and the compliance process itself needs an update. Our latest policy note: https://lnkd.in/eN42aVQg
About us
The Council is the premier global alliance advancing crypto innovation. Crypto has immense potential to spur international economic growth and create jobs, improve financial inclusion and access, and enhance privacy and security. By sharing insights, expertise, and the facts about the global crypto ecosystem, the Council supports governments and institutions worldwide in efforts to shape and encourage the responsible regulation of crypto in a way that unlocks potential and improves lives.
- Website
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https://cryptoforinnovation.org
External link for Crypto Council for Innovation
- Industry
- Public Policy Offices
- Company size
- 51-200 employees
- Headquarters
- Washington, D.C.
- Type
- Partnership
- Founded
- 2021
Locations
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Primary
Washington, D.C., US
Employees at Crypto Council for Innovation
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Cameron Jones
Senior Executive Leading Global Teams to Design and Scale Programs and Partnerships
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Natalie Wolfman
Talent Acquisition Consultant | Connecting Talent to Opportunity | Growing World-Class Organizations
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Sean Lee
Digital Economy Enthusiast | Digital Asset Policy Advisor | Forbes Contributor | Star Wars Fan
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Amanda Russo
Director of Communications - Crypto Council for Innovation
Updates
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How will the EU's new class of policymakers impact crypto? Mark Foster has 3 trends that indicate what's ahead. Read his latest Cointelegraph column: https://lnkd.in/ewAxKDvH
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News Alert 🚨 Japan considers lowering tax rates on crypto to be more in line with other financial assets - a potential win. ◾ Crypto profits in Japan are taxed as income, with rates as high as 45% for top earners. Financial securities, like shares, have a 20% tax on capital gains. ◾ "It is necessary to consider whether crypto assets should be treated as financial assets that should be the subject of investment for the public," the Financial Services Agency, Japan (JFSA, 金融庁) stated in a tax reform document. ◾ The move comes after concerns that high taxes were pushing crypto companies out of Japan, despite efforts like last year's exemption for unrealized gains. Read the document 👇 https://lnkd.in/gPDgvUtz
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News Alert 🚨 Big changes in the Middle East. Qatar reversed its ban on crypto and legally recognized digital assets, smart contracts, and more. ◾ Qatar's Digital Asset Regulations 2024 establish the legal foundation for digital assets, including tokenization, property rights, and smart contracts. ◾ "We anticipate that this regulatory clarity will attract both domestic and international players, boosting Qatar’s financial services sector competitiveness," said QFC CEO Yousuf Al-Jaida. ◾ The regulation resulted from discussions with stakeholders, coordinated by a 37-member advisory group, and 20+ startups that helped develop the framework through tests that started in October 2023. Read more👇 Qatar Financial Centre (QFC) Authority https://lnkd.in/gp6ebreY
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Crypto Council for Innovation reposted this
What's crypto good for? Web3 is a powerful tool in the fight against climate change in emerging markets, but developed economies risk falling behind. Here's why this matters: ◾ Centralized climate action is insufficient for high-risk zones in the global south, which contribute minimally to emissions yet suffer most from disasters. ◾ Developed economies risk exacerbating climate disasters and missing out on effective solutions by fixating on centralized approaches such as policy. ◾ Web3 technologies, like smart contracts and immutable ledgers, offer decentralized, transparent, and timely solutions. ◾ DIVA Protocol in Kenya, Rahat in Nepal, and Atlantis Dao in India improved disaster response and resource management. Explore more insights from Renée Pinto da Silva Barton and Scott Onder Mercy Corps Ventures 👇 Blockworks https://lnkd.in/eHK8ece9
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CCI's Senior APAC Advisor, Sean Lee, attended WebX 2024 and spoke about the future of interoperable blockchain networks alongside industry leaders.
Fantastic Event at #WebX2024 🎌 ! Thanks CoinPost Inc. for inviting and organising! Our co-founder and CSO,Sean Lee, engaged in a compelling discussion 💡on the future of #interoperable #blockchain networks, focusing on cross-chain communication. He explored critical considerations regarding security, resilience, and legal/regulatory implications alongside Itai Elizur from MarketAcross, Ken Kashiwagi from Mysten Labs and John Wang from Neo Smart Economy Sean also guided us through #WebX, sharing exciting highlights, including Prime Minister of Japan 🇯🇵 kicking off and an exciting announcement from Sony about their #soneium layer-2 blockchain testnet, among many others! 🚀 Let’s fly back to WebX !💫 Link to Crypto Council for Innovation ➡ https://lnkd.in/gZuFAkFM
Live from WebX 2024 in Tokyo | Ep. 42 Sean's Take on Asia 🌏
https://www.youtube.com/
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Crypto Council for Innovation reposted this
News Alert: Our latest report 'Building a More Inclusive Web3' highlights how diverse founders are transforming crypto into an inclusive opportunity. Here's why this matters: ◾ The report shows that Black, Latino, and other underrepresented founders are leveraging decentralized tools to bypass traditional venture capital, leading to the creation of impactful Web3 projects. ◾ Community-based VC models are enabling minority founders to co-invest and support projects that address key societal challenges. ◾ The report underscores the need for regulatory clarity to help diverse founders compete on an equal footing, ensuring they can fully participate and thrive in the evolving crypto landscape. Read more ImpactAlpha by Dennis Price 👇 https://lnkd.in/geN4dDF5 Read out joint report with the W.K. Kellogg Foundation: https://lnkd.in/eZ_EeJjA
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Crypto Council for Innovation reposted this
Utility vs Security Tokens: Utility tokens provide access to blockchain services, while security tokens represent ownership of real-world assets. Key Points: ◾ Utility tokens offer functionality within a decentralized application but don't confer ownership or profit-sharing rights; ideal for utility rather than investment. ◾ Security tokens, tied to real-world assets, are regulated like traditional securities, providing profit-sharing but with added regulatory and legal complexities. ◾ Understanding the distinction between utility and security tokens empowers users to make informed decisions based on their goals, risk tolerance, and the legal landscape. Read more 👇 https://lnkd.in/eC45z3s9
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CCI’s Senior APAC Advisor Sean Lee provides an in-depth analysis of Japan’s Web3 advancements in digital assets within gaming, entertainment, and media. Tune in below 👇
Reporting live in Tokyo at #WebX2024! Episode 4️⃣ 2️⃣ of Sean’s Take on Asia 🌏 , as I touch on the latest development in 🇯🇵 Japan's #Web3 ecosystem, Sony unveiling its #Soneium layer-2 blockchain, and the country's digital asset focus in gaming, entertainment and media. Link to Crypto Council for Innovation episode: https://lnkd.in/gHJ3q_-p IDA #FumioKishida #crosschain Itai Elizur
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How do Coins and Tokens differ? Coins are digital currencies that operate on their blockchain. Tokens are digital assets created on existing blockchains. Here's why it matters: ◾ Coins are the foundation of their respective blockchains, ensuring network security and enabling decentralized transactions. ◾ Tokens offer versatile applications, including representing assets, granting access to services, and enabling governance within DApps and DAOs. ◾ Together, coins and tokens drive the growth of the crypto ecosystem by enabling decentralized economies and powering diverse applications. Read more 👇 https://lnkd.in/eCnrqSXH