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The BaFin License According to MiCAR – Which Application Variants Are Available for Crypto Asset Service Providers?
MiCAR will set different requirements for crypto asset service providers when applying for a license. Companies that are already supervised will benefit from simplified procedures.
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Raising Money via the Capital Market – What Financial Information Must Be Included in a Securities Prospectus & a Securities Information Document (WIB)?
How can small and medium-sized enterprises benefit from simplifications regarding the disclosure of financial information in a securities prospectus or securities information document?
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Asset Referenced Token – What Exactly Are ART Under MiCAR?
The regulations on Asset-Referenced Tokens of MiCAR will be applicable in less than six months’ time. By then at the latest, there must be clarity as to which tokens should fall under the regulations. It is still unclear when exactly a token is aimed at value stability.
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SEC Approves Exchange-Traded Bitcoin ETFs – Is This Also Possible in Germany?
A Bitcoin Spot ETF as approved in the USA cannot be launched in this form in Germany. Can Bitcoin be used as a reference value for other financial products?
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Crypto Service Providers in the DeFi Space – Is Money Laundering Regulation a Dealbreaker for an Engagement in Decentralized Finance?
Increasingly, regulated crypto asset service providers are also interested in DeFi business models. This should be helpful for the adoption of DeFi, but can crypto asset service providers legally conduct transactions in DeFi?
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Can Security Tokens or Crypto Securities Meet the European Green Bond Standard?
The European Green Bond Standard is intended to establish a uniform requirements profile for green bonds in Europe. Can blockchain-based issuances meet these requirements?
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Qualified Crypto Custody After MiCAR Go-live – What are Cryptographic Instruments?
The legislator intends to introduce cryptographic instruments and qualified crypto custody at a national level. What is the meaning of these terms and what are the legislator’s objectives with these proposals?
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BaFin Publishes Guidance on Register Management for Crypto Securities
Bafin publishes details of its administrative practice in relation to crypto securities and the management of a crypto securities register. Which tokens does the authority classify as crypto securities?
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From KWG to MiCAR – How Does the Legislator Intend to Shape the Regime Change for Crypto Asset Service Providers?
The Federal Ministry of Finance has drafted a legislation to regulate the transition of crypto asset service providers from national KWG regulation to the MiCAR regime. What should regulated German crypto asset service providers be prepared for?
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The MiCAR Whitepaper (Part VII) – How Does the German Legislator Intend to Implement the Draft Financial Market Digitization Act?
According to the draft legislation on the Financial Market Digitization Act, the Crypto Markets Supervision Act is to be an independent accompanying law to MiCAR. What regulations does it contain in relation to MiCAR whitepapers?
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Tokenization in the Gaming Industry – How to Tokenize an In-Game Currency?
Many online game providers are currently considering the possibility of tokenizing in-game currencies. Is this feasible? What regulatory hurdles might arise in this regard?
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The MiCAR Whitepaper (Part VI) – When Does an Investor Have a Right of Revocation Under MiCAR?
MiCAR provides a right of revocation for retail investors when purchasing certain crypto assets. However, it does not apply in all cases and is not fully comparable to the right of revocation known from consumer protection law. An overview.
