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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?

Under the regulatory regime of MiCAR, crypto asset service providers will also need to establish a sophisticated crypto compliance. What duties will crypto asset service provider compliance include under MiCAR?

Issuers of financial products are often of the opinion that they are in principle allowed to distribute their financial products themselves in any case by means of the so-called self-issuance privilege. But is this the case in Germany, or is it only the distribution of certain products by the issuer itself that is permitted under certain conditions?

In the future, the new MiCAR will finally enable crypto service providers to offer their services throughout the EU without the need of obtaining additional authorizations under MiCAR in the target countries. How will the MiCAR passporting process work?

Decentralized Autonomous Organizations or DAOs are currently on everyone’s lips. But how are they actually regulated in Germany?

According to MiCAR, e-money tokens will in future represent a specific form of crypto assets and will therefore also be regulated as such. Nevertheless, the legislator is trying to additionally squeeze e-money tokens into the traditional e-money regulation.