Asset Investment Under MiCAR – Is a Securities Prospectus or Crypto Whitepaper Needed for the Public Offering?
Asset investments under the German Asset Investment Act are not considered financial instruments under MiFID2 because they are based on national regulation. Can they therefore be subject to both German regulation as an asset investment and MiCAR regulation and what are the implications of this?
The MiCAR Whitepaper (Part III) – What Content is Required for the E-Money Token Whitepaper?
Within the scope of MiCAR, a white paper must be prepared for a public offering of e-money tokens or their admission to trading. What are the specific content requirements of MiCAR?
Prospectus Liability and Token Sale – What are the Risks of an Erroneous Whitepaper?
Since around 2015, especially startups often choose to fund their business through a so-called Initial Coin Offering (ICO). These involve the creation of crypto tokens related to the issuers business model, which are subsequently offered to interested investors. Depending on the project, the ICO issuer may choose to connect the issued tokens to additional rights […]
