Erfahren Sie schon heute, worüber die Rechtswelt morgen redet.
Alle News & Events anzeigen
21.02.2018
Fancy an ICO for financing your project? Consider the regulator’s view.
German financial regulatory authority BaFin published further guidance on its view around tokens and crypto-currencies used to structure Initial Coins offerings (German version available here).
In a nutshell, the notice stresses that market participants need to closely assess the character of the respective token, e.g. whether it forms a financial instrument as per MiFID II, a security or constitutes an investment pursuant and subject to respective regulations.
Regulations and respective duties, including potentially also obtaining a licence, may address service providers around ICOs, traders and platforms and also public offerings, so care should be had when picking partner and token for your ICO project.
Regulations and respective duties, including potentially also obtaining a licence, may address service providers around ICOs, traders and platforms and also public offerings, so care should be had when picking partner and token for your ICO project.