Markets in Crypto Assets Regulation – first insight with a focus on financial instruments

PayTechLaw_RdF 1.2021 Siadat MiCAR_E.O.

Crypto assets are neither uniformly defined nor regulated in the EU. The issuance and distribution of crypto assets within the EU is not harmonized. The Markets in Crypto Assets Regulation (MiCAR) aims to create an EU-wide crypto regulatory framework by 2022. In this exclusive article (RdF 1.2021, German only), the author presents the main contents of MiCAR and critically evaluates them.

Download PDF: RdF 1.2021 Siadat MiCAR

 

Cover picture: Copyright © Adobe Stock / E.O.



By continuing, you accept our privacy policy.
You May Also Like
Neues Buch: Das Recht der digitalen Zahlungsdienstleistungen
Read More

PayTechLaw – now available as a book!

With the title “PayTechLaw – The Law of Digital Payment Services”, a new handbook has been published by C.H. BECK. It is dedicated entirely to the regulatory and civil law framework of digital payments. The editors: Prof. Dr. Carsten Herresthal, LL.M., and Annerton partners Dr. Matthäus Schindele and Frank Müller, LL.M. – all recognized experts in payment services and financial regulatory law. They were supported by a top-class team of authors – including many familiar names from the Annerton environment and beyond.
Read More
VAT Treatment of Trading in Non-Fungible Tokens (NFTs) 2
Read More

VAT Treatment of Trading in Non-Fungible Tokens (NFTs)

So far, there is no supreme court ruling or official administrative guidance on the VAT treatment of NFTs. A recent case before the Lower Saxony Tax Court involves a domestic entrepreneur who traded NFT “collectibles” via the OpenSea platform in 2021. The digital works themselves were not sold; instead, blockchain-based database entries were transferred. The sales were executed automatically via smart contracts, which are not considered legal contracts.
Read More