Crypto Archives

ZuFinG II – The Next Step Towards Strengthening Germany as a Financial Hub?

by Annabelle Rau on Oct 10, 2024
Posted In Banking Law, Crypto Regulation, Financial Services, Payment Services

Following the initial steps with the Future Financing Act (“ZuFinG I“), the Federal Ministry of Finance presented the draft of the Second Future Financing Act (“ZuFinG II-E” and “Draft Bill“) on 27 August 2024. The Draft Bill aims to further develop the German financial market and revise some of the existing regulations. The primary focus is on facilitating access to the capital markets and relieving financial actors from excessive bureaucracy.

New Regulations for Payment Service Providers Regarding Customer Funds

Payment service providers are required to safeguard customer funds they receive according to the methods outlined in the German Payment Services Supervision [...]

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Annabelle Rau in Cointelegraph: An EU perspective on the Supreme Court’s Loper Bright decision

by Annabelle Rau on Jul 18, 2024
Posted In MiCAR

Annabelle Rau comments in Cointelegraph on the judgement in the Loper Bright vs Raimondo case and its significance for the crypto industry from an EU perspective . Read her expert assessment of the US Supreme Court’s decision
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Bitcoin Halving Is Just Around the Corner

by Frederic Peine on Apr 18, 2024
Posted In Crypto Regulation

After the approval of cryptocurrency exchange-traded funds (ETFs) in the United States, another fundamental event for the crypto industry is on the horizon: the expected bitcoin halving in mid-April 2024.

The approval of so-called bitcoin spot ETFs by the US Securities and Exchange Commission (SEC) in early January 2024 led to significant cash inflows into the crypto market, specifically targeting the market for bitcoin spot ETFs. Between March 4 and March 13, 2024, approximately US$3.8 billion was invested into the newly approved bitcoin ETFs, resulting in bitcoin reaching a new record high of around US$ 73,750.

Now, the industry eagerly [...]

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FinmadiG and KMAG – Implementation of European crypto-financial market regulation in Germany

by Annabelle Rau on Jan 29, 2024
Posted In Crypto Regulation, Financial Services

The German legislator has responded to the harmonization of European financial market regulations: In October 2023, the Federal Ministry of Finance published the draft bill for the Act on the Digitization of the Financial Market (Finanzmarktdigitalisierungsgesetz – “FinmadiG“), followed by the publication of the government draft of the FinmadiG just one month later.

MiCAR, DORA and money transfers – what does the FinmadiG implement?

The FinmadiG is intended to implement the following EU regulations on digital financial market regulation:

Markets in Crypto-Assets Regulation (“MiCAR”): The first EU-wide uniform set of rules for markets in crypto assets (we provided information here, for [...]

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SEC approval for crypto ETF

by Frederic Peine on Jan 11, 2024
Posted In Crypto Regulation

Yesterday, on January 10, 2024, the US Securities and Exchange Commission (“SEC”) made the long-awaited decision by the crypto scene to allow the listing and distribution of exchange-traded funds (“ETFs”) that track the price of the cryptocurrency Bitcoin, so-called Bitcoin spot ETFs. Specifically, 11 of these Bitcoin spot ETFs were approved by SEC, including those from major market players such as BlackRock, Ark Investments and Fidelity. The approval decision was preceded by a false report shortly before the SEC decision, which once again led to considerable market distortions. The approval took a year-long coordination process between the parties involved and [...]

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Stability through regulation

by Renate Prinz on May 15, 2023
Posted In Banking Law, Crypto Regulation, MiCAR

The financial industry is once again facing uncertainty and turbulence, caused in particular by the demise of some banks and problems in the crypto scene. In view of the current regulatory density, the question arises whether this is sufficient to ensure the stability of the financial industry and whether it can actually help to create market security and trust. Renate Prinz classifies the current developments in the Börsen-Zeitung.

Click here to read the full article in [...]

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McDermottTech 2022 – Recap

by Renate Prinz and Annabelle Rau on Oct 21, 2022
Posted In Crypto Regulation, Events

From crypto, NFTs and blockchain technologies, to ethics in artificial intelligence, outsourcing and cloud deals, to trends in IP protection and enforcement in the metaverse: Together, we discussed some of the latest global trends in the technology industry at this year’s McDermottTech.

Interested in the content of our panels? Click here for the videos of our panels. You can also download the PowerPoint presentation
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Article in Libra: EU creates uniform rules for dealing with crypto assets

by Renate Prinz and Annabelle Rau on Sep 16, 2022
Posted In Crypto Regulation

In their latest article for “Libra – das Rechtsbriefing”, Renate Prinz and Annabelle Rau present the main contents of the new “Markets in Crypto-Assets Regulation” (MiCAR), which the European Council, the EU Parliament and the EU Commission recently agreed on.

Click here to read the entire [...]

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