On 2021 October 1st, Forge, the subsidiary of the French banking group Société Générale, issued a MIP (MIP6 or MakerDAO Improvement Proposal 6) to the MakerDAO protocol to refinance tokenized marketable securities by pledging them. This subtype of PoC (Proof of Concept) represents the first interaction between the traditional financial…

How far is prudential regulation from cryptoassets industry?

MakerDAO published last August 2021 [1] its non-binding report regarding its protocol financial statements for August. While MakerDAO has been performing this exercise on a recurring basis, the purpose of this article is to deepen the understanding of the figures it provides.

As introduction, the MakerDAO protocol is an ecosystem…

Why Basel Committee is so skeptical with cryptoassets?

In June 2021, a consultation paper on the prudential treatment of cryptoasset exposures was published by the Basel Committee on Banking Supervision. In order to meet the objectives of financial stability, consumer protection and market integrity established by the microprudential supervisory authorities…

Pablo Artiñano

Financial Regulation analyst and Crypto enthusiast.

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