Service providers that only provide technical services within a crypto business model, may be able to provide their services without prior BaFin authorization in specific cases. Nevertheless, in some scenarios technical service providers may be subject to supervisory obligations anyways.
Crypto assets are regulated as financial instruments since the beginning of this year. But in which cases BaFin’s administrative practice to qualify cryptocurrencies as units of account is still applicable and relevant?
The German legislator intends to introduce the new financial service of crypto security registry management to the German Banking Act. But which activities shall be covered, who will need an authorization and what will be the requirements will have to be fulfilled by applicants?
The German legislator intends to also extend the crypto custody business with the introduction of crypto securities. What does crypto custody business consist of in the future, what will be permitted and what will be prohibited?
While the custody of traditional securities always requires a depository bank, security tokens can be taken into custody by crypto custody service providers or they can even be held in custody by the investor himself. What are the advantages of digital custody?
The new legislative draft for the introduction of electronic securities differentiates between electronic securities and crypto securities. What will be the differences between these two forms of digital securities?