Since the introduction of the eWPG in Germany, businesses have the option to issue crypto securities. At the same time, the issuance of security tokens remains possible. How do the two variants differ from each other?
BaFin often qualifies the services of providers of delegated staking solutions as a crypto custody business in the form of crypto management which requires authorization. What are the options for providers to circumvent the obligation to obtain authorization?
The new Investment Firms Act (WpIG) creates a new supervisory regime for investment firms that shall no longer be be regulated under the provisions of the KWG in the future, according to BaFin’s legal interpretation. Will investment firms still be eligible for an authorization to offer crypto custody services which continue to be regulated under the KWG?
Last week, the Federal Ministry of Finance made a proposal for the transposition of the FATF Travel Rule with the draft of a Crypto Asset Transfer Regulation. What are the possible implications for the German crypto industry?
The newly introduced Investment Firms Act (WpIG) is intended to simplify matters for financial service providers with regards to the supervision in the future. What effects does the new regulatory regime have for crypto-related business models?
The offering of dPoS staking infrastructures is a rising business model within the blockchain community. Are providers in Germany subject to an authorization requirement pursuant to the German Banking Act?