-
How Should a Security Token be Legally Designed?
Since a few weeks the German crypto community celebrates the first BaFin approved securities prospectus, being fully compliant with German regulatory laws and statues. With this approval BaFin really displayed an innovative and progressive attitude towards blockchain based funding methods. At least three more STO prospectuses are currently awaiting BaFin’s approval and more will follow. […]
-
Security Token Offering vs. Initial Public Offering – Are STOs a Real Alternative to the Conventional Issuing of Securities?
After the end of the crypto-hype in February 2018, initial coin offerings (ICOs) in general do not accumulate as much capital anymore as before. The exchange prices of the tokens decreased in many cases and ICO investors more often than not had to come to the conclusion that the business ideas in which they had […]
-
E-money on a Blockchain?
Most publications covering cryptocurrencies and e-money come to the conclusion that Bitcoins cannot be classified as e-money in the sense of the German Payment Services Act (ZAG) because of the fact that there is no emitter who issued the coins in the first place while such emitter is a prerequisite to the e-money definition according […]
-
Interview with Lutz Auffenberg on #STOinGermany
Geekforge Academy interviewed Atty. Lutz Auffenberg, LL.M. as german legal expert on the proper legal and regulatory drafting of #SecurityTokenOffering under German law. The full interview is available here:
