Non-profit association LëtzBlock has strengthened its crypto activism efforts, bringing together 24 major actors in the field. Its aim is to have a unified voice in order to promote legal clarity, growth and to showcase those parts of the ecosystem.
LëtzBlock positions itself as a platform that enables crypto professionals to share knowledge, best practices, and insights on how to move the sector forward. The association will look to achieve its growth and advocacy mission by establishing a dialogue with Luxembourgish and European authorities. The EU Markets in Crypto-Assets (MiCA) regulation became, in 2023, the block’s latest effort to legislate on this economic activity. It is designed to offer transparency.
Of course, crypto regulation is in its nascent stages, and discussions between professionals in the field and authorities will play a role in where the chips fall. LëtzBlock says it will target regulations, taxation, and corporate law as a part of its advocacy efforts. The association will also use its unified voice to showcase Luxembourg as an attractive crypto hub.
“We are experiencing a pivotal moment in financial services where disruptive technologies and challenger entities are becoming established financial institutions. This calls for industry experts, service providers, and even regulators to collaborate for a better future.”
Ami Nagata, CEO of bitFlyer Europe.
Some of LëtzBlock’s members include Swissquote Bank, crypto asset exchange bitFlyer, Deloitte Luxembourg and blockchain compliance company Scorechain. Biba Homsy, founder of crypto-specialised law firm Homsy Legal is currently occupying the presidency position. In April, 6 Monks, one of LëtzBlock’s members, became Luxembourg’s first authorised alternative investment fund manager to offer dedicated services for third-party funds focused on private equity and crypto-assets.
