The stunning collapse of FTX, one of the world’s leading crypto exchanges, has not only shaken the crypto world but called into question the future of blockchain and digital assets. In a year of repeated failures and crashes, the calls for increased regulation are getting louder. Ryan Clements is a law professor at the University of Calgary, where he holds the chair in Business Law and Regulation and specializes in the regulation of fintech, blockchain and crypto-assets. He’s written extensively on crypto regulatory issues, including an expert report on Canadian cryptocurrency governance for the Public Order Emergency Commission. He joins the Law Bytes podcast to provide some background into the growth of crypto, the collapses of Luna and FTX, and where Canada sits on the regulatory spectrum.
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The Law Bytes Podcast, Episode 149: Ryan Clements on the FTX Collapse and Canada’s Approach to Crypto Regulation
The Law Bytes Podcast, Episode 117: Fight for the Future’s Sarah Roth-Gaudette on Web 3 Regulation and Alternatives to Big Tech
The interest in regulation and Web 3.0, the umbrella term for all matters crypto, continues to grow in countries around the world. In Canada, a new private member’s bill encourages the government to establish a regulatory framework to support innovation even as concerns mount over the use of cryptocurrency to by-pass conventional payments regulations. In the United States, there have been multiple Congressional hearings and proposals for legislative action.
Fight for the Future was one of many leading digital civil liberties groups that included Access now, Article 19, EFF, and Global Voices, that recently came together to issue a public letter in support of alternatives to big tech and to approach legislation related to Web 3 technologies carefully. Sarah Roth-Gaudette, the Executive Director of Fight for the Future, joins the Law Bytes podcast to talk about Web 3, the regulatory initiatives, and the issues that are at stake.
The Trouble With the TPP, Day 32: Illusory Safeguards Against Encryption Backdoors
The news that the U.S. government has obtained a court order requiring Apple to assist law enforcement to break the encryption on an iPhone owned by one of the San Bernadino terrorists has sparked widespread concern. There is some debate over the scope of the judicial order – Techdirt points out that the order does not require Apple to break its encryption but rather allow the government to “brute force” the password without deleting the data – but it is clear that the goal is to limit the effectiveness of the encryption protections found on the popular device. Apple has issued a public letter stating its view that this is a dangerous precedent that could be repeated over and over again. Indeed, if a U.S. court can issue such an order, there is seemingly nothing to stop other governments from doing the same.
What does this have to do with the TPP?
The U.S. has suggested that the TPP would address these issues, claiming that the agreement:
DFAIT Launches Consultation on Encryption Controls
The Department of Foreign Affairs has launched a public consultation on encryption controls. Comments are due by April 30, 2010.