Matthias Obrecht

This roundtable examines the potential of public permissionless blockchains to enhance traditional financial services. However, with new opportunities come new risks. These risks, such as operational, reputational and legal risks need to be adequately addressed. The aim of the roundtable is to discuss potential use cases for regulated activities on public permissionless blockchains, the risks involved and how these risks can be mitigated by policymakers, including international and industry standard setters, and regulators.

Participants can familiarise themselves with the topic with the following pre-read materials from the discussants:

• Enhancing financial services with permissionless blockchains - Publications Office of the EU
• guardian-fixed-income-framework.pdf
• Private sector partners join Project Agorá
• Introducing Digital Asset Securities Control Principles (DASCP) - Euroclear

The mentioned discussions of potential use cases for regulated activities on public permissionless blockchains, the risks involved and how these risks can be mitigated by policymakers, including international and industry standard setters, and regulators will be published in a whitepaper.

As cryptocurrencies continue to reshape the financial landscape, the rise of decentralized finance and crypto trading platforms has introduced new opportunities and new challenges when it comes to maintaining market integrity. In recent years, the cryptocurrency space has witnessed a surge in trading activity, but with this growth comes the risk of market manipulation, insider trading, pump-and-dump schemes, and other forms of market abuse. These practices can undermine trust in the market.

At this roundtable, we will be exploring the complexities of market abuse in cryptocurrency trading and regulatory frameworks that are evolving to address these challenges.