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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United States | Publication | September 2021
Breakthrough technology can power progress just as easily as it can buoy bad actors. Cryptocurrency is no exception.
As the October 2020 report from the attorney general's Cyber-Digital Task Force put it, "distributed ledger technology, upon which all cryptocurrencies build, raises breathtaking possibilities for human flourishing."
These possibilities should be celebrated. The difficulty from a law enforcement perspective, however, is anonymity.
In short, cryptocurrency offers a variety of tools for shielding the identity of its users. This can prevent law enforcement from determining who holds stolen funds.
That problem is exacerbated, in part, by entities within the current crypto ecosystem that have yet to establish Bank Secrecy Act protocols, or that may not yet be required to do so.
This potentially impedes oversight of pandemic relief funds and raises serious questions about whether taxpayer dollars are making their way to bad actors overseas.
Read the entire Law360 article.
Chris Cooke works under the supervision of Jay Dewald and is licensed in New York and the District of Columbia; his admission to the Texas bar is pending.
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Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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European asset managers are excited about the revised European long-term investment funds (ELTIF) regime and hope that the greater flexibility for managing and distributing ELTIFs will open up new markets for their long-term investment strategies.
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The recent publication of the Investment Association’s Second Interim Report on Fund Tokenisation and regular news articles in the financial press evidence continued enthusiasm for the adoption of digital technologies such as tokenisation amongst players in the financial services markets. Indeed, the global market for tokenised real-world assets is already currently estimated to be around $600 billion and has been predicted to reach $16 trillion by 2030.
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