The British Blockchain Association's avatar
The British Blockchain Association
BBA@primal.net
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Official Nostr account of the BBA. Advancing evidence-based adoption of Blockchain. Authored UK's National Blockchain Roadmap. Est. in 2017. #BritishBlockchain #BBA
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The BBA 9 months ago
🇧🇷 New JBBA citation from Federal University of Rio de Janeiro and Brazilian Development Bank (BNDES) The Brazilian Development Bank (BNDES) is a federal public institution, associated with the Ministry of Development, Industry and Foreign Trade, Brazil. 📄 Original #JBBA paper cited here: 'Blockchain Governance and The Role of Trust Service Providers: The TrustedChain® Network' (Marcella Atzori, PhD. 2018): The JBBA is the world's first peer reviewed open access blockchain research journal available in print and online, publishing continuosly since 2017. It is read in 150+ countries worldwide by 10 million+ readers a month, both via DOAJ, Web of Science, and indexed at 900+ university libraries. #Blockchain #EvidenceBasedBlockchain #Web3 #Crypto #Research image
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The BBA 9 months ago
🇬🇧 Last week, BBA submitted its official response to HM Treasury's Draft Statutory Instrument on Cryptoassets (FSMA 2000 – Regulated Activities and Miscellaneous Provisions Order 2025). ➡️ We commend HM Treasury for taking a proactive and consultative approach to extending the FSMA perimeter to cover cryptoasset-related activities. The draft SI marks a significant step towards regulatory clarity, aligning, in parts, with the EU’s MiCA framework and the UK’s financial promotions regime. ⚖️ However, in regulating such a fast-evolving sector, proportionality and precision matter. Our submission identifies areas where greater clarity is needed in definitions, scope, and operational feasibility to avoid unintended consequences. 📍While the DSI reflects a move from broad principles to detailed codification, some provisions remain high-level and open to interpretation. Our response sets out technical recommendations, policy considerations, and #evidence gaps that merit further attention. A big thank you to our advisors, members and partners for supporting this important submission. 🏛️ As the UK's leading industry body advancing evidence based adoption of Web3 technologies, and as Secretariat of the APPG on Blockchain Technologies, we will continue to upskill, educate, inform and guide legislators and policymakers on Blockchain and Cryptoasset technologies. Emma Reynolds Rt Hon Rachel Reeves Prof. Dr @Prof Naseem Naqvi MBE MBE FBBA Larisa Yarovaya Lord Iain McNicol Financial Conduct Authority #CryptoRegulation #UKBlockchain #Policy #FSMA #DigitalAssets #BBA #Web3 #CryptoCompliance #MiCA #CryptoLaw
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The BBA 9 months ago
🇺🇸 New JBBA citation from University of the Cumberlands, Kentucky, #USA. ➡️ Original JBBA paper cited here is BT Group's E Moro's paper, "Distributed Ledger Technologies and the Internet of Things: A Devices Attestation System for Smart Cities (JBBA, 2020): #IoT #Blockchain #SmartCities image
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The BBA 9 months ago
📍Bitcoin surpasses Amazon to become the 5th largest asset in the world. image
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The BBA 9 months ago
📍At the previous APPG on Blockchain Technologies Roundtables in January and May 2024, one of the key issues raised by industry stakeholders was the difficulty crypto and digital asset firms face in accessing banking services. ➡️ '..Challenges faced by start-ups, such as access to basic banking services, and proposes solutions, including mandating banks to facilitate transactions related to digital assets....' (J Burke, APPG Roundtable, May 2024) ➡️ '..Vadgama advocates for streamlined access to basic banking services for blockchain start-ups, highlighting the ongoing struggle to obtain essential financial infrastructure...' (APPG Roundtable, May 2024): 🇬🇧 Meeting minutes: https://britishblockchainassociation.org/wp-content/uploads/2024/05/Blockchain-Technologies-APPG-Minutes-from-APPG-Roundtable-May-2024.pdf 🏛️ In a recent Parliamentary question, Gregory Stafford MP raised this issue with the Chancellor of the Exchequer. 🏛️ EST Emma Reynolds MP responded that the Government recognises that access to banking services is critical for operating a business, and is a matter of concern for certain sectors in particular such as the digital asset industry. The Government continues to engage with the banking sector and affected industries, as well as the regulator, to better understand the existing and emerging issues in this area. The Government also welcomes the Financial Conduct Authority (FCA) work to date on the factors leading banks to reject or close bank accounts. Where the FCA has found areas where firms need to improve customer outcomes, the Government expects firms to consider the FCA’s findings and act accordingly. This is a live policy area, and BBA will continue constructive, evidence-based dialogue with the stakeholders at our upcoming Roundtable on 3 June. #BlockchainPolicy #CryptoBanking #Web3UK #APPGBlockchain #DigitalAssets #Regulation #FinancialInclusion #FCA #HMtreasury #BritishBlockchainAssociation
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The BBA 9 months ago
🚨No DAO can thrive without a Constitution. 📍What makes a Decentralised Autonomous Organisation truly autonomous? It’s not just the code. Not just the tokens. Not just the community. It’s the Constitution. The foundational framework that governs power, rights, community, and change. ➡️ Today, over 80% of DAOs become inactive within a year. Why? Because without clear rules, they collapse under the weight of either anarchy, poor governance, tyranny or lack of a clear purpose. ✍🏽 This new peer-reviewed study, published in The JBBA, breaks new ground. It systematically analyses 27 real DAO constitutions to uncover: ➡️ The governance gaps that doom DAOs ➡️ A Constitutional Framework of building successful DAOs ➡️ The role of soft governance and community dynamics ➡️ How to prevent centralisation and rug pulls through better constitutional design ➡️ A comprehensive DAO Constitution Framework for Builders, researchers, and policymakers If you’re building a DAO, advising one, or legislating for them, this is a must-read. 📖 Read the full paper here: JBBA Editor in Chief: Prof. Dr @Prof Naseem Naqvi MBE MBE FBBA Authors: Paul van Vulpen et.al, Utrecht University Read more: #DAO #Governance #Web3 #BlockchainLaw #DigitalConstitution #TheJBBA #Decentralisation #EvidenceBasedBlockchain
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The BBA 9 months ago
🇩🇪 New #JBBA citation from Germany's Technical University of Munich and Hochschule München University of Applied Sciences. ➡️ Original JBBA paper cited: 'Identity of Things: Applying concepts from Self Sovereign Identity to IoT devices' from Tim Weingärtner: #Blockchain #IoT #SupplyChain #Web3 image
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The BBA 9 months ago
🚨 AI learns from our personal data — often without our consent. 📊 But what if we are in total control of when, where and how AI uses our data? ⛓️‍💥 Blockchain can fix this. Learn more about this at The #JBBA. #AIneedsBlockchain #AI #Blockchain image
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The BBA 9 months ago
📍🇬🇧From 1 January 2026 if you provide cryptoasset services in the UK, you’ll have new responsibilities for collecting data and reporting it to HM Revenue & Customs. UK is introducing the Organisation for Economic Development (OECD) Cryptoasset Reporting Framework (CARF), and extending it to include domestic reporting. ➡️ Who will need to report: All UK-based ‘reporting cryptoasset service providers’ (RCASPs) will need to report to HMRC. ➡️ What counts as an RCASP: Your business is considered an RCASP if it either: 📍transacts cryptoassets on behalf of users provides a means for users to transact cryptoassets Some examples of an RCASP include cryptoasset: exchanges brokers dealers What counts as a cryptoasset A cryptoasset is a digital representation of value that uses a cryptographically secured distributed ledger (or similar technology) to validate and secure transactions. ➡️ To count as a cryptoasset under CARF, they must also be used for payment or investment purposes not need to be reported elsewhere under the Common Reporting Standard ➡️ What counts as UK-based: Your organisation is considered UK-based if any of these criteria apply: you’re a tax resident in the UK your business is incorporated in the UK your business is managed in the UK you have a regular place of business or branch in the UK If the criteria apply to both the UK and another country that follows CARF rules, you’ll only need to report in one country. To work out which country to report in, use the criteria as a hierarchy with tax residence at the top. You should report in the CARF country that is highest on the hierarchy. For example, if you’re a tax resident in France and your business is incorporated in the UK — you only have to report in France. This is because tax residence is first on the hierarchy. If two countries are at the same level on the hierarchy, you can choose which country you report in. For example, if you’re a tax resident in both the UK and Germany, you can choose to report in either the UK or Germany. ➡️ What you’ll need to do: If you’re a UK-based RCASP, you need to start collecting information about your users and their transactions from 1 January 2026. You may want to start collecting information earlier to prepare for the new rules. Find out what information you’ll need to collect. Depending on the information you collect, you may need to submit a report to HMRC. If required, you’ll need to submit your first report by 31 May 2027. Find out about reporting cryptoasset data to HMRC. By 31 January 2027, you’ll also need to: register with the online service — it’s not live yet, we’ll update the guidance once it is tell your users that you’ll be reporting their details. -------- The BBA is the UK's industry body advancing evidence-based adoption of #Blockchain and #Cryptoasset Technologies. BBA is the Secretariat of the APPG on Blockchain Technologies. #BBA #Blockchain #Crypto #Policy #Regulation image
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The BBA 9 months ago
'..Securities are increasingly migrating to blockchain-based systems.... U.S. Securities and Exchange Commission Chairman Paul Atkins' remarks at the Crypto Task Force roundtable on tokenization yesterday: #Crypto #Web3 #Blockchain image
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The BBA 9 months ago
📸 Some official photos from the Financial Times Summit. Thank you for the kind invitation and for hosting such an insightful event. Great to see key conversations shaping the future of Crypto, Web3, and Blockchain. @Financial Times :press: #FTSummit #Blockchain #Crypto #Web3 #DigitalAssets #BBA
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The BBA 9 months ago
🌐 Top #Blockchain & #Crypto stories this week: 📍🇬🇧 UK Draft Rules Could Make It a ‘Safe Harbor’ for Crypto: 📍SEC Eyes DLT Exemptions to Encourage Tokenization SEC Commissioner Hester Peirce has proposed a new exemption allowing firms to issue and trade tokenized securities using DLT: 📍Zimbabwe Launches Blockchain Carbon Credit Registry: https://www.bloomberg.com/news/articles/2025-05-09/zimbabwe-debuts-blockchain-registry-for-carbon-credit-trading 📍🇬🇧UK Digital Assets Bill Clears Lords, Moves to Commons: 📍UK Police Arrest Three in $20M Crypto Fraud Probe: ➡️ BBA is one of the world's oldest (est. 2017) and the most prestigious blockchain industry associations in the world, advancing evidence-based adoption of Blockchain and Cryptoasset technologies. 🇬🇧 The BBA is the Secretariat of the APPG on Blockchain Technologies. We work in collaboration with policymakers, regulators, industry stakeholders and civil society towards sensible adoption of #Web3 technologies. 📧 To join the BBA as a member or to contribute to our mission, reach out to us at: info@britishblockchainassociation.org #Blockchain #Crypto #Policy #Regulation #updates #Web3 #BBA image
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The BBA 10 months ago
🏛️ Ancient Egyptians used stone to immortalise truth. We now use #blockchain to immutably record digital truth. ✍🏽 Title of the JBBA paper: Building the Foundation: A Constitutional Framework for Decentralised Autonomous Organisations ➡️ URL/ DOl of the article: ➡️ #SHA256 Hash of the article HTML URL: 0834e6c16cae3e04466b16f3b4caed37046c57d7f1567349738ccabebfd5cefe ➡️ Blockchain Network: Polygon Mainnet (Ethereum EVM) ➡️ #Transaction ID: 0x8c575656c11fbf2d965d72731e0883c4ed1c1b8f58ca44b48908641e0f64ae5e ➡️ Blockchain #Explorer Link: Go to “more details” > view “input data” > View input as UTF-8 🌐 More about The JBBA: #Blockchain #DataGovernance #Provenance #Web3 #JBBA #AcademicPublishing #DigitalIntegrity #BritishBlockchainAssociation #EvidenceBasedBlockchain image
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The BBA 10 months ago
✍🏽 Asset Tokenization: Blockchain in Finance 🌐 From Vienna to Vancouver, the Journal of the British Blockchain Association (#JBBA) is shaping global research — cited in #Masters #PhD thesis at leading universities, worldwide. University of Vienna #JBBA #Crypto #Finance #Blockchain #Asset #Tokenisation image
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The BBA 10 months ago
Foundational discoveries in mathematics, physics, and digital money. image
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The BBA 10 months ago
🎤 “What do you like about your new role as Economic Secretary to the Treasury — and what excites you about the future of Blockchain and Crypto in the UK?” — A thoughtful question from our President, Prof. Dr @Prof Naseem Naqvi MBE MBE FBBA posed to Emma Reynolds MP during the audience Q&A at the Financial Times Digital Assets Summit yesterday! @Financial Times :press: #FTDigitalAssets #Blockchain #CryptoPolicy #BBA #DigitalEconomy #LeadershipInInnovation HM Treasury image
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The BBA 10 months ago
"We have scaled transactions and throughput — but how do we scale trust? How do we scale compliance?” 🚀 Powerful insights from our President, Prof. Dr @Prof Naseem Naqvi MBE MBE FBBA at the Financial Times Digital Assets Summit yesterday. 📍"With fewer than 5% of UK MPs and Lords having publicly engaged with blockchain and crypto topics, the British Blockchain Association has been leading the way through evidence-based Masterclasses for Policymakers and APPG industry roundtables, helping bridge the gap between innovation and public understanding..." 🎤 Some key excerpts from Prof. Dr @Prof Naseem Naqvi MBE MBE FBBA's contributions at today’s FT Summit panel: 📍"...We need pro-active policymaking — not based on lobbying or anecdotes, but principle-based frameworks that evolve with technology, rather than chase it..." 📍"..The real challenge is Semantic Interoperability. Systems shouldn’t just talk to each other — they must understand each other. That’s the true bottleneck.” 📍"..We’ll know blockchain has succeeded when it becomes invisible — running quietly in the background, just like the Internet.” 📍"...Policymakers are looking for innovators who can speak the language of public service: academically validated, regulation compliant, ethically embedded and economically viable - to build a world that works better for everyone. That was the vision behind the UK’s National Blockchain Roadmap.” #FTDigitalAssets #BlockchainPolicy #EvidenceBasedBlockchain #FTSummit #BBA #Web3 #Interoperability #DigitalTrust image