News & Analysis as of

European Union Token Sales

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of... more +
The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -
Dechert LLP

Countdown to MiCA: The EU’s cryptoassets regulation

Dechert LLP on

On 30 June 2022, the European Council (Council) and the European Parliament (Parliament), announced that they had reached a provisional agreement on the proposal for regulation on markets in cryptoassets (MiCA), which covers...more

Latham & Watkins LLP

NFTs - A Digital Opportunity for PE Sponsors

Latham & Watkins LLP on

Beyond creative works and consumer products, NFTs open up new avenues for IP monetisation in the technology, life sciences, and pharmaceutical industries. Non-fungible tokens (NFTs), one-of-a-kind cryptoassets stored on...more

Orrick - On the Chain

The SEC Sends a Telegram to European Token Offerings: Avoid the U.S.

Orrick - On the Chain on

On March 24, the United States District Court for the Southern District of New York granted the U.S. Securities and Exchange Commission (SEC) a preliminary injunction preventing Telegram from distributing $1.7 billion of its...more

Hogan Lovells

France calls for applications for CBDC experimentations

Hogan Lovells on

The French central bank (Banque de France (BdF)) aims to identify concrete cases integrating central bank digital currencies (CBDCs) in innovative procedures for the clearing and settlement of tokenised financial assets...more

Polsinelli

BitBlog Weekly Summary

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This week’s summary includes updates on anti-money laundering in the crypto-friendly nation of Malta and a proposal to regulate cryptocurrency miners in the United States to help stop human trafficking....more

Perkins Coie

Blockchain Week in Review - September 2019

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U.S. Developments - VanEck and SolidX to Offer Bitcoin ETF to Qualified Institutional Buyers - On September 3, 2019, VanEck Securities Corp. and SolidX Management LLC announced that they are seeking to use Rule 144A of...more

Jones Day

Setting Up Crypto Funds in the European Union

Jones Day on

While the crypto market is still in its early stages, the number of asset managers offering funds investing in cryptocurrencies and companies using blockchain or distributed ledger technology ("DLT") is constantly growing....more

Perkins Coie

Blockchain Week in Review - April 2019 #3

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U.S. Developments - Regulatory Updates - Arca Investment Management Files With SEC to Issue Stablecoin - Arca Investment Management, a California-based investment management firm specializing in digital assets, filed an...more

Jones Day

ESMA Examines EU Regulatory Framework for Crypto Assets and ICOs

Jones Day on

The Situation: On January 9, 2019, the European Securities and Markets Authority ("ESMA") issued advice to the EU Commission, Council, and Parliament on initial coin offerings ("ICOs") and crypto assets. The Result: ESMA...more

Kramer Levin Naftalis & Frankel LLP

ESMA and EBA Assess Whether Crypto-Assets Are Regulated Under Existing EU Rules and Advise the European Commission to Consider an...

On Jan. 9, 2019, both the European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) published a report on crypto-assets....more

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden's 2019 Insights: As Interest in Blockchain Technology Grows, So Do Attempts at Guidance and Regulation

In 2018, the number of blockchain-enabled projects increased sharply as established companies sought to apply distributed ledger technology to their existing business models and startups developed new and disruptive models...more

Perkins Coie

Blockchain Week in Review - January 2019 #2

Perkins Coie on

U.S. Developments - Regulatory Updates - Texas Clarifies that Stablecoins Backed by Sovereign Currency Qualify as “Money” Under Money Transmission Statute - The Texas Department of Banking recently issued a Supervisory...more

Perkins Coie

Blockchain Week in Review - December 2018

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U.S. Developments - SEC Remarks on International Virtual Currency Enforcement - On December 5, 2018, Steven Peikin, Co-Director of the Division of Enforcement at the U.S. Securities and Exchange Commission (“SEC”), gave a...more

Jones Day

Game Changer for Cryptocurrency in Germany? Court Holds No License Required to Trade Bitcoins

Jones Day on

The Court Decision: On September 25, 2018, the Higher Regional Court of Berlin held that bitcoins would not qualify as financial instruments for the purposes of the German Banking Act (Kreditwesengesetz, "KWG"), thus...more

Jones Day

ICOs and Token Regulation from a German Perspective

Jones Day on

The Situation: In February 2018, Germany's Federal Financial Supervisory Authority ("BaFin") published an advisory letter on the classification of tokens as financial instruments, which was widely criticized for being too...more

Orrick, Herrington & Sutcliffe LLP

UK and EU Move Slowly Toward Virtual Currency Regulatory Scheme in Recent Statements

In the last month, UK and European politicians have been vocal about the regulation, or lack thereof, in the virtual currency sphere. ...more

Troutman Pepper

A Rejection of Globalization: Blockchain and Cryptocurrency Regulations in the European Union, the United States and Switzerland

Troutman Pepper on

Globalization is no longer sexy. Brexit, the election of nationalist leaders across both Europe and the United States, and Russia’s resurrection have clearly proven that in today’s world, countries are back to focusing on...more

Perkins Coie

Virtual Currency: Anti-Money Laundering and Terrorist Financing Update

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On July 18, 2018, the Financial Action Task Force (“FATF”), published its report to the July 2018 G20 Finance Ministers and Central Bank Governors’ meeting. The report sets out FATF’s ongoing work to fight money laundering...more

Dechert LLP

Investment Funds Update Europe - Legal and regulatory updates for the funds industry from the key asset management centres and...

Dechert LLP on

ALFI Notes the Commission’s Plans to Amend the UCITS and AIFM Directives - ALFI issued a press release pointing out that they believe that a wider scope for the clarification of marketing and pre-marketing would have been...more

Dechert LLP

Investment Funds Update Europe - Legal and regulatory updates for the funds industry from the key asset management centres and...

Dechert LLP on

BaFin Publishes Interpretative Notice Regarding the Qualification of Tokens and Cryptocurrencies Offered Through Initial Coin Offerings to Investors - BaFin published its new interpretative notice on 20 February regarding...more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

The European Commission has drafted a new set of digital taxes as an answer to last year’s US tax overhaul that imposed a new minimum tax on the overseas efforts of companies with US operations. The EU’s plan would require...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

Looking Out for Main Street: SEC Focuses on Retail, Cybersecurity and Cryptocurrency - The Commissioners and senior officials of the Securities and Exchange Commission ("SEC" or "Commission") addressed the public on...more

Kramer Levin Naftalis & Frankel LLP

Recent ICO Guidelines in France and Switzerland

After our recent client alert summarizing recent U.S. regulatory developments in the crypto-world, the House of Representatives of the State of Wyoming passed HB 70, referred to as the “Utility Token Bill” and HB 19, known as...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

US CFTC and UK FCA Sign Arrangement to Collaborate on FinTech Innovation - On February 19, The US Commodity Futures Trading Commission ("CFTC") and the UK's Financial Conduct Authority ("FCA") signed an arrangement that...more

Hogan Lovells

EU regulators warn consumers of virtual currencies bubble

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Three European regulators have warned investors about the risks associated with dealing with virtual currencies, saying they are unsuitable “for most purposes, including investment and retirement planning”....more

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