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?
Security tokens are correctly believed to have a huge, disruptive potential. In order for them to fully take off and generate a broad acceptance, they still require a functioning secondary market. Can this problem be solved by decentralized liquidity pools?
Last week, a piece of the artist Beeple has been auctioned off at Chritie´s for almost 70 Million USD as an NFT. Are NFT qualified as financial instruments in Germany as it is the case with most cryptocurrencies?
The obligation to obtain an authorization pursuant to German regulatory banking law requires that the service provider actively targets the German market. Can BaFin therefore demand from service providers from other EU member states to implement geoblocking measurements?
The current regulation of the financial markets is carried out by supervising professional market participants. Can this regulatory approach ensure the effectiveness of the financial market regulation in times when decentralized markets without operators are on the rise?
Last week, retail investors caused headaches to hedge funds by massively investing in Gamestop shares. The cryptocurrency Dogecoin also has had massive price increases after calls to invest had been posted on internet forums. But can such a call-to-invest in shares or cryptocurrencies directed at the masses be a market manipulation?