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…
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…
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…