EU Council, EU Commission and EU Parliament agreed on a proposal for a regulation on markets in crypto assets (MiCA). The legislative train is awaiting first reading of the regulation in the EU Parliament. If EU Parliament adopts the proposal…
Eu Parliament Committee proposed amendments to MiCA. Trilogue between EU Commission, Parliament and Council started in April.
The U.S. Senators Elisabeth Warren, Mark R. Warner, Sherrod Brown and Jack Reed recently asked in a letter to the U.S. Treasury how it intends to prevent that „criminals, rogue states and other actors may use digital assets and alternative…
German Financial Supervisory Authority BaFin recently issued a warning of Unicorn-fx.com. This false unicorn supposedly offers access to the world of assets as a boker (foreign-exchange). Businesoft Ltd. of Saint Vincent and the Grenadines is named as the owners of…
Crypto loans are an increasingly common phenomenon in the crypto world. Various blockchain projects, such as Aave, Kava, MakerDAO and others promote peer-to-peer-loans. There are multiple legal issues linked to crypto loans. Many of these start with the question whether…
Since June 2021, a new law – the German Electronic Securities Law (eWpG)- allows for electronic securities. Whereas former securities had to be issued in the form of a certificate, new securities can be issued by electronic means only. These…
The world of blockchain and crypto assets is still in its beginning, even if the technology is known for more than a decade. Crypto assets, being it Payment Token, Utility Token or work of art blockchained as NFTs, are capturing…
It almost seems like every day is Groundhog Day. BaFin warns publicly of another crypto exchange. Cakedefi.com is offering its crypto services to German customers – by means of a website in deutsch (German language). As reported before, this is…
Binance.com is one of the largest digital asset exchanges in the world – but is still unlicensed. To certain fiat money payment services Binance refers to Binance UAB, a subsidiary in Vilnius, Lithuania. Is that enough? The Bank of Lithuania,…
BaFin prosecutes non-registered crypto brokers, such as crypto-brokers.de, which offer their services in Germany but do not have the necessary licences. One main aspect for BaFin to open a prosecution or issue a warning to public is whether the regulated…