The SEC staff issued a statement clarifying how broker-dealers can demonstrate possession of crypto asset securities under Rule 15c3-3, emphasizing measures like access, assessment of blockchain technology, security protocols, and contingency planning to ensure custody and control, while noting that this guidance does not create new legal obligations.
The Biden administration has proposed international standards for distributed ledger technology (DLT), including blockchain, as part of its U.S. Government National Standards Strategy for Critical and Emerging Technology. DLT is one of eight critical and emerging technology sectors that will have a significant economic impact in the near future. The White House has developed four objectives to help drive the creation of international standards for the eight CET sectors: investment, participation, workforce, and integrity and inclusivity. The government aims to create new economic opportunities for U.S. industry, protect the integrity of international standards systems, and lead to CET standards that are durable and benefit communities both at home and abroad.
The Bank of England is reportedly seeking to build a team of up to 30 people to develop a central bank digital currency (CBDC), according to the Sunday Times. The bank and finance ministry announced in February that they were starting further research and development on a digital version of the pound sterling, dubbed Britcoin in the press. The bank's website careers page lists positions for a Digital Pound Security Architect and Digital Pound Solutions Architect, both added toward the end of last month.