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Under the ECSP Regulation, securities issuances can also be offered via crowdfunding platforms. Which requirements with regard to prospectus law do issuers have to fulfill in projects of this type?

Stablecoins can be issued as e-money tokens under MiCAR. The relevant rules of the new regulation on this will already apply in about a year.

According to the Draft Bill on the German Future Financing Act, the Liability of the Issuer for Misinformation in an Investment Information Document is to be Limited. The Direct Liability of the Management Bodies is to be Abolished.

Under MiCAR, advice on crypto assets will also be subject to licensing. Crypto investment advisors will have to fulfill numerous regulatory obligations as part of their advisory services.

The crypto share is coming. According to the draft bill now available, the foundations for this new type of electronic security must already be laid in the articles of association of the stock corporation.

Crypto exchanges will be strictly regulated under the MiCAR regime in the future. What regulatory obligations will operators have to fulfill and which crypto assets may be listed?

The EU-Commission plans to ease the publication of insider information for processes which occur in stages. Instruments issued by means of distributed ledger technology may also trigger publication obligations under MAR in individual cases.

Under MiCAR, crypto custodians will be required to obtain a license prior to commencing crypto custody services. Beyond that, MiCAR also provides for numerous other legal obligations for crypto custodians.

BaFin has published its administrative practice on NFT. When is a capital market prospectus required, when are crypto asset service providers in need of a BaFin license when dealing with NFT?

According to a proposal by the EU Commission, cross-border fundraising is to be made easier for small and medium-sized enterprises (SMEs) in the future. What is the idea behind the plans?

Under MiCAR, crypto asset service providers, like all regulated entities, will be required to hold a minimum amount of regulatory capital to back up their operations. How will this specific amount be calculated under MiCAR?

The dual class share is on the horizon. What is the idea behind the new share class and how can companies issue it using a blockchain solution?