Is there a legal right of revocation in Security Token Offerings? What must be observed by issuers and providers in this context and what may be the legal consequences in case of unfulfilled obligations?
Last week, the Federal Ministry of Finance published its draft for a new Crypto Funds Shares Regulation (KryptoFAV). How will crypto fund shares be legally designed according to the ministries publication and what are the possibilities for investment funds arising from it?
The EU commission intends the implementation of no less than four regulatory measurements to the European Anti-Money-Laundering regulation. In the process it will also tackle the implementation of the FATF Travel Rule.
As it has already been the case for crypto custody service providers, the German Banking Act provides for a preliminary authorization for operators of crypto security registries. But what are the requirements that must be fulfilled by operators intending to use this option and even more importantly – until when?
The draft version of the new Anti-Money-Laundering Regulation of the EU Commission does not refer to the definition of virtual currencies anymore that had just been introduced with the fifth Anti-Money-Laundering Directive and will instead regulate crypto assets.
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?