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As commercial enterprises, crypto custodians are also exposed to the risk of becoming insolvent. But what happens to the safeguarded crypto assets of clients in the event of a crypto custody service provider’s insolvency?

Systematic internalisers act outside of regulated trading venues on the capital markets and are therefore subject to additional supervisory obligations. Is this also true for OTC-traders of crypto assets?

The DLT Pilot regime is supposed to create a simplified regulatory environment for trading security tokens at organized markets as of spring of 2023. A summary of current regulatory problems and the solutions proposed by the future regulation.

Last week, BaFin published its note concerning the authorization process for the operation of crypto security registries. This is a summary of the most important expectations of the authority.

Governance votes often are problematic events for validators, because the interests of their delegators may contradict. What can operators of validators do to protect themselves in these cases?

Direct investments in crypto assets are not that attractive to investors in times of a bearish market. Crypto derivatives offer an alternative, but how are these instruments regulated and is there a sufficient supervision in place?

Crypto management is a regulated activity in Germany. However, it is not quite clear which specific services are included in this activity.

The European and global Anti Money Laundering regulation works via preventive measures of central market actors. But crypto transactions can also be executed without the services of such service providers. Is the traditional regulatory approach still up to date?

Even though crypto custody services are of great importance for centralized service providers in the crypto market, only small profits are possible. Would allowing of interest for crypto balances held in custody by the crypto custody service provider be covered by the authorization to conduct crypto custody business?

While implementing the Travel Rule, the European Parliament also intends to severely restrict the usage of unhosted wallets in order to restrict anonymous crypto transactions in Europe. What are the implications of these plans for the self-custody of crypto assets?

A lot of business models related to cryptocurrencies can be designed as tied-agent-solutions. How does the connection to a liability umbrella work and what are the requirements that must be fulfilled by the involved companies?

Last week, a de facto ban of the Proof-of-Work consensus mechanisms in the EU via an EU regulation was narrowly avoided. But could the EU actually decide on such a ban in a legally effective way?