This presentation covers the regulation of cryptocurrencies and ICOs under EU Law. An overview is given of EU regulation of digital assets. The legal research covers multiple aspects of ‘crypto regulation’ within the EU, as well as in its Member States. For each jurisdiction, an inquiry is made into the regulation of digital currencies, and the regulation of ICOs. Finally, the most crypto-friendly jurisdictions are examined in more detail.
The differences between traditional banking and blockchain banking are immense. The issuance and administration of stable coins impose substantial risks if not regulated properly. In this essay, the inherent risks posed by the uncoupling of formerly inseperable banking functions are explored and the argument is brought forward that the model of current stable coin regulations sounds the death of the ‘trustless’ promise of the blockchain dream.
What is the legal nature of Bitcoin? According to a Dutch Court judgement, bitcoin possesses the characteristics of property rights. Could this be a game changer for the legal status of Bitcoin worldwide? And what does the EU have to say about it?
The European Commission held a roundtable discussion on the impact, potential and challenges of cryptocurrencies. Afterwards, the commission presented its conclusions and recommendations for the future.
Last week, Blockchain at Berkely, a student organization dedicated to the promotion of blockchain research, held its first major blockchain event. One panel in particular drew my attention. You guessed it: it’s the legal blockchain panel.
In this article, I argue that the problems we see in crypto today are caused by moral hazards and the idea of a ‘regulatory wild west’, and that law is a possible solution. However, the manner in which regulation is implemented is crucial, as ICO regulation should not be (too much of) a burden to innovation.
On September 8th, a bipartisan bill called the Cryptocurrency Tax Fairness Act has been introduced to the United States Congress. The Bill creates a de minimis threshold of $600 for the purpose of capital gains taxation. Moreover, it poses a requirement on the Treasury Department to issue guidelines for informational reporting on digital currency transactions for which capital gains is due.