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Getting Ready for DORA (Part III) – How Do You Test the Digital Operational Resilience?
DORA requires the financial companies affected to carry out regular tests of their digital operational resilience. But what do these tests actually involve and do all financial firms have to carry out the same tests?
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Crypto Me Up – What must be Reported to BaFin by Financial Service Providers When Implementing Crypto Services?
Blockchain technology created a veritable crypto-hype during the last couple of years, especially in the financial industry. That said, a direct investment in crypto assets is not necessarily at the center of attention for the established financial markets participants. Blockchain technology, especially when applied to the financial industry offers a variety of innovations and solutions […]
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Let´s Sell a Security Token – Who is Actually Allowed to Sell Tokenized Financial Instruments?
In 2019 BaFin allowed the first security token offerings in Germany and approved the corresponding and necessary security prospectuses. Blockchain-based capital markets issuances are therefore possible in Germany and a viable alternative for issuers seeking to acquire capital. However, the approval of the necessary prospectus is just the first step to a successful emission. The […]
