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Welcome to the DTI Foundation’s latest Update. Our aim is to share news on DTIF initiatives, statistics, regulatory updates and recent publications impacting digital asset markets.  

 

DTI Foundation initiatives

 

Join our Committee – shaping the digital asset landscape

 

The DTI Product Advisory Committee (PAC) is reconvening and welcomes those interested in sharing their perspectives to apply to join. The PAC supports the development of the ISO 24165 DTI standard. Specifically, the PAC’s objectives are to:

 

  1. Provide product stewardship to DTIF Board  
  2. Offer guidance on the issuance process for DTIs 
  3. Advise DTIF on the implementation of future product enhancements

 

The next meeting will take place in Q4 and will focus on feedback on recent consultation responses, upcoming public consultations, as well as operational updates from ISO WG3 and DTI Foundation workstreams. See the PAC webpage for more information.

 

Contact us if you would like to be involved.

 

DTIF responds to OSFI consultation on new guidelines for crypto-asset exposures

 

The DTIF responded to a consultation from Canada’s Office of the Superintendent of Financial Institutions (OSFI) on the regulatory capital and liquidity treatment of crypto-asset exposures.

 

See the full response here.

 

DTI Foundation resources

 

DTI FAQs now available

 
To further industry understanding on the Digital Token Identifier, the DTIF foundation has published an FAQs document exploring the background, purpose, and technical details of the ISO 24165 standard. The FAQs will be updated periodically.
 
See the DTIF Knowledge Centre for further information.

 

September DTI statistics

 

The total number of DTIs assigned is 1,728, a 5.6% increase from the previous month. Breakdown of DTIs:

 

  • 1,547 Auxiliary digital tokens
  • 126 Native digital tokens & ledgers
  • 55 Functionally fungible group tokens

 

Events

 

CryptoCompare Digital Asset Summit, 2-3 October 2023, London

 

We are excited to announce that the DTI Foundation and the Association of National Numbering Agencies (ANNA) will be partnering with CCData for the CCDAS digital asset summit. Join us to gain insights into the latest standards shaping the digital asset ecosystem. Don’t miss this opportunity to expand your knowledge and network with industry leaders.

 

Use code ANNADTIF to get a 10% discount on tickets.

 

See also the below upcoming relevant industry events where the DTI Foundation will also be participating.

 

European Blockchain Convention, 24-26 October 2023, Barcelona

Digital Asset Week, 14-15 November 2023, London

 

Relevant news and publications

 

26 September 2023: Taiwan’s Financial Supervisory Commission published (in Chinese) its guiding principles for the management of virtual asset platforms

 

25 September 2023: Hong Kong’s SFC announced a series of measures to reinforce information dissemination and investor education on virtual asset trading platforms.

 

21 September 2023: European Parliamentary Research Service published its briefing on non-EU countries’ regulations on crypto-assets and their potential implications for the EU.

 

21 September 2023: FCA published its final warning for cryptoasset firms marketing to UK consumers and those supporting them to get ready for the financial promotion regime.

 

18 September 2023: BaFin published a blog post (in German) on the need for clear and appropriate rules for crypto markets to build market integrity.

 

18 September 2023: Malta’s Financial Services Authority published its consultation on changes to its Virtual Financial Assets Rulebook to align with MiCA.

 

18 September 2023: New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris issued an update on the VOLT initiative, an ongoing initiative to strengthen DFS oversight of virtual currencies.

 

15 September 2023: IMF published its working paper Cryptocarbon: How Much Is the Corrective Tax?

 

15 September 2023: HKMA published an alert reminding the public to beware of firms engaged in crypto business purporting to be “banks” or describing their products as “deposits”.

 

14 September 2023: US Senator Brown letter to the Secretary of Treasury and Chairs of the CFTC requests each agency to assess how disclosure guardrails could target consumer protection and transparency deficiencies observed in digital asset tokens and digital asset platforms.

 

11 September 2023: BIS, COP28 and Central Bank of United Arab Emirates announced the launch of a TechSprint to develop technological solutions for sustainable finance using Artificial Intelligence, blockchain, Internet of Things and sensor technologies.

 

8 September 2023: United Nations Commission on International Trade Law published its Taxonomy of legal issues relating to the digital economy, including chapters on digital assets and distributed ledger systems.

 

7 September 2023: FSB and IMF published a synthesis paper on policy and regulatory recommendations to identify and respond to macroeconomic and financial stability risks associated with crypto-assets.

 

7 September 2023: IOSCO issued for consultation its nine policy recommendations to address market integrity and investor protection concerns arising from Decentralised Finance (DeFi).

 

7 September 2023: BIS published a bulletin on The oracle problem and the future of DeFi.

 

7 September 2023: FCA published a letter setting out its expectations ahead of incoming crypto marketing rules designed to make the marketing of cryptoasset products clearer and more accurate.

 

4 September 2023: Australian Senate’s Economics Legislation Committee published its report on the Digital Assets (Market Regulation) Bill 2023. The committee considered the bill is not the appropriate vehicle to implement digital asset regulation and recommends further industry consultations.

 

31 August 2023: BIS Financial Stability Institute published an executive summary on financial stability risks of decentralised finance.

 

31 August 2023: UK’s Joint Money Laundering Steering Group published its final guidance relating to provisions of The Money Laundering Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) that implement the Travel Rule for cryptoasset transfers in the UK. This follows FCA publication on 17 August 2023 of its expectations for cryptoasset businesses that need to comply with the Travel Rule.

 

25 August 2023: HKMA published its Fintech Promotion Roadmap outlining the key initiatives that it will undertake over the next 12 months.

 

24 August 2023: HKMA published its report on bond tokenisation in Hong Kong, summarising experiences learned from the Government’s inaugural tokenised green bond offering and outlining potential next steps to promote wider use of tokenisation in Hong Kong’s bond market. 

 

22 August 2023: BIS published its paper on Financial stability risks from cryptoassets in emerging market economies.

 

18 August 2023: New Zealand House of Representatives Finance and Expenditure Committee published its inquiry report into into the current and future nature, impact, and risks of cryptocurrencies.

 

17 August 2023: Luxembourg’s CSSF published its FAQs on virtual asset service providers.

 

About the DTIF

 

The Digital Token Identifier Foundation (DTIF) is the Registration Authority for the International Organization for Standardization (ISO) 24165 Digital Token Identifier (DTI) standard, an ISO standard that enables the unique identification of all fungible digital assets which use distributed ledger technology for token issuance, storage, exchange, a record of ownership, or transaction validation.

 

The DTIF’s mission is to provide the golden source reference data for the unique identification of digital tokens. As its mandate, the DTIF issues and maintains DTIs on a non-profit basis, with the aim of increasing transparency in the digital asset space by creating a core reference data set based on open data principles and made available as a public good. 

 

 

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© Digital Token Identifier Foundation (DTIF) 2023. All rights reserved. This document is provided for information purposes only and should not be relied upon as legal, financial, or other professional advice. While the information contained herein is taken from sources believed to be reliable, DTIF does not represent or warrant that it is accurate or complete and neither DTIF nor its employees shall have any liability arising from or relating to the use of this publication or its contents.