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Europe goes Crypto (Part XIII) – MiCAR License for Order Execution on Crypto Assets
In the future, anyone wishing to execute orders for crypto assets for clients in the EU will require a MiCAR license to do so. However, MiCAR provides for further regulatory obligations for crypto service providers in addition to the licensing requirement.
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Artificial Intelligence in the Financial Industry (Part III) – AI in Risk Management
Artificial intelligence can also be used in the risk management of financial institutions. However, the ultimate responsibility for the use and its results always remains with the management.
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Crypto Custody According to MiCAR and KWG – What Are the Differences for Crypto Asset Service Providers?
MiCAR was published in the Official Journal of the EU last week. Until the rules on the regulation of crypto custodians apply, the German legislator will have to think about adapting or abolishing their national KWG regulation of crypto custodians.
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Artificial Intelligence in the Financial Industry (Part II) – AI in Asset Management
The use of AI in asset management may constitute a financial or securities service in specific cases. In such cases, permission from BaFin is required.
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Crypto Assets and Money Laundering – New Version of the Travel of Crypto Assets Regulation Has Come into Force
The German Federal Ministry of Finance changed the national Travel of Crypto Assets Regulation on May 27, 2023. However, crypto service providers can still benefit from an exemption until the new EU Travel of Funds regulation comes into force.
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Artificial Intelligence in the Financial Industry (Part I) – AI in Securities Trading
When using AI in securities trading, the securities services company is subject to special monitoring and recording obligations.
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Europe goes Crypto (Part XII) – The Exchange of Crypto Assets Under MiCAR
Under MiCAR, crypto exchange providers will be subject to a licensing requirement and special compliance obligations. What exactly will crypto service providers have to consider when exchanging crypto assets for other crypto assets or for fiat money?
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Crowdfunding According to ECSP Regulation – Is a Securities Prospectus required?
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?
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E-Money Token as Stablecoin on Crypto Exchanges – MiCAR Creates New Regulatory Framework
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.
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Crowdfunding under ECSP Regulation – Liability Limitations for Issuers in Sight
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.
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Europe goes Crypto (Part XI) – The Investment Advice on Crypto Assets According to MiCAR
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.
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The Crypto Share is to Come – Draft Bill Reveals Details on the Electronic Share
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.
