Cornelius Hille
Dr. Cornelius Hille advises national and international clients of the financial sector (e.g., credit institutions, investment firms and funds) on all aspects of German and European financial regulatory law. This covers inter alia licensing, structuring and general regulatory compliance regarding both established and innovative business models, including the digitalization of financial markets.
His advisory practice is particularly focused on the area of Anti-Money Laundering (AML) and related compliance.
He regularly publishes on topics of financial regulatory law and AML in legal journals.
Prior to joining McDermott, Cornelius worked for another major international law firm in the area of financial regulatory law.
Crypto funds in Germany – What depositaries and asset management companies (probably) will need to consider
Von Cornelius Hille am Mar 28, 2025
Gepostet In Crypto Regulation
The entry into force of the Future Financing Act (Zukunftsfinanzierungsgesetz) already marked the birth of “crypto funds” in Germany in 2023 by enabling direct investment in crypto-assets for mutual funds (within the meaning of Sections 221 and 261 KAGB). With the Financial Market Digitisation Act (Finanzmarktdigitalisierungsgesetz), which entered into force at the end of 2024, this idea has now been completed considering the background of MiCAR with a reference to its concept of crypto-assets. Since an investment in crypto-assets is associated with new, specific risks, BaFin has put the first draft of a circular on the Obligations of depositaries and...
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