1. Setting the Scene According to the MiCA Article 3 definitions, asset-referenced and e-money tokens are crypto assets primarily intended as means of exchange that purport to maintain a stable value by reference to other forms of capital. However, while asset-referenced tokens may refer to baskets...
1. Present Regulatory Environment With the exception of a few European national jurisdictions that have adopted domestic crypto-assets regimes, such as Malta and France, the admission and offering of crypto-assets on European capital markets is subject solely to the listing rules of individual trading platforms. MiCA is...
1. Choice of legislative instrument One of the first things to appreciate about MiCA is that this legislative document takes the form of a Regulation. Unlike Directives, Regulations are a form of EU law instrument that is directly applicable in all Member States and does not...
1. Introduction As mentioned in the introductory part of this series, the Markets in Crypto-Assets (MiCA) Regulation is part of the Digital Finance Package, which aims to support digital finance innovation by providing legal certainty for token issuers and related service providers, while simultaneously mitigating the risks...
1. Digital Finance Package The Markets in Crypto-Assets (MiCA) draft Regulation was released by the European Commission in September 2020. It is part of the Commission’s Digital Finance-package that aims to deliver innovative financial products to EU citizens, while maintaining high levels of investors’ protection and ensuring...
Our crypto team has won the BCNL Community Award 2022! The award is a Blockchain Netherlands Foundation initiative in which the public votes for various categories. The presentation is part of the Dutch Blockchain Week, which is taking place this week. Our team won the...
For the second year in a row, we have been nominated for the Dutch Blockchain Awards! This accolade underlines how (international) crypto companies, and leading parties like the Blockchain Netherlands Foundation (BCNL) and its community perceive our cutting-edge crypto team. A team that delivers state-of-the-art...
Analytical. Thorough. Curious. Eye for detail. Not just for financial law, but also for the regulation of crypto currency. Of course, this requires a unique combination of abstract thinking and a practical approach. It is exactly this combination that we have found in a new...
Benjamin Fontani will for a period of six months, join our crypto team as a paralegal. A few questions to our new colleague: How did a French student end up at a law firm in Den Bosch? “I grew up in a very international environment and have...
1. Background Market integrity has long been considered a key aspect of investor protection in traditional finance. Measures guaranteeing equal access to information and fair price formation regarding financial instruments have been the subject of EU wide harmonization since 2003, which has resulted in the Market...