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The Dutch legislator published a draft legislative proposal implementing the AMLD5 into Dutch law for consultation on 11 December 2018. Market parties can submit their views until 15 January 2019.
ICOs (Initial Coin Offering), often referred to as ITS (Initial Token Sale) or TGE (Token Generation Event), are a current hot topic for debate. The product issued in an ICO is a blockchain-based coin or token ...
HMRC finally published its policy paper on the taxation of cryptoasset exchange tokens for companies and other businesses on 1 November 2019.
On 6 September 2021, the German Federal Ministry of Finance and the German Federal Ministry of Justice and Consumer Protection presented its draft regulation for the introduction of crypto fund units (KryptoFAV). ...
Vixio recently published an article featuring commentary from our German counsel Johannes Wirtz.
The article covers the German Ministry of Finance’s decision to introduce new rules for crypto transactions.
Depending on the rights a Token conveys, it can be a Security Token, a Currency Token, a Utility Token or take a hybrid form. Legal literature and regulatory practice can at times diverge.
Part 3/5 - Currency Token: Currency Token, also called cryptocurrency, are the origin of token. The most well-known example for a coin is Bitcoin. Other examples of Currency Token are Ethereum (or Ether) and Ripple
Part 2/5 - Security Token: By issuing security tokens the issuer promises some sort of return. Token can qualify as securities according to the German Security Trading Act (WpHG) and German Security Prospectus Act ...
Part 5/5 – Hybrid Forms: A token may have features of security token, currency token and/or utility token. These hybrid forms require a case by case assessment of applicable regulation.