Are platforms trading crypto-assets subject to MiFID II/MiFIR?

The European Securities and Markets Authority (ESMA) has published on the 9th of January 2019 its advice on Initial Coin Offerings (“ICO”) and Crypto-Assets. This advice highlights a number of issues and gaps in the existing EU regulatory framework and provides insight to the EU policymakers when considering how the regulatory framework can be developed … More Are platforms trading crypto-assets subject to MiFID II/MiFIR?

Revised FATF Recommendations – Virtual assets and virtual asset service providers are subject to AML regulations

Paris, 19 October 2018 – Given the urgent need for an effective, risk-based response to AML risks associated with virtual asset financial activities, the Financial Action Task Force (FATF) revised its Recommendations on combating money laundering and the financing of terrorisms (AML/CFT). The FATF recognizes that virtual assets and related financial services have the potential … More Revised FATF Recommendations – Virtual assets and virtual asset service providers are subject to AML regulations

Are Initial Coin Offerings sufficiently covered by existing regulation?

The Securities and Markets Stakeholder Group (SMSG) has published its advice to European Securities and Markets Authority (ESMA) on Initial Coin Offerings (ICOs) and Crypto-Assets on 19 October 2018. The goal of SMSG is to give advice to ESMA on steps it can take to contain the risks of ICO’s and crypto-assets, on top of … More Are Initial Coin Offerings sufficiently covered by existing regulation?