Global Legal Insights
Global Legal Group Ltd (Verlag)
978-1-83918-376-8 (ISBN)
The past year has witnessed several significant developments:
1.Legislative and regulatory advances globally
Governments worldwide are taking concrete steps to regulate the blockchain and cryptocurrency industries more effectively. In the European Union, the adoption of the Markets in Crypto-Assets (MiCA) regulation marks a landmark effort to create a comprehensive legal framework for crypto assets across Member States. The regulation aims to enhance consumer protection and market integrity while fostering innovation.
In the United Kingdom, the Financial Conduct Authority (FCA) continues its rigorous oversight of crypto-currency businesses, enforcing stringent marketing and reporting standards to ensure consumer safety and market transparency.
2.Legal battles shaping the industry
In the United States, the SEC’s ongoing litigation with major cryptocurrency entities like Coinbase and Ripple has significant implications for the industry’s future. A notable development was the partial court ruling in the Ripple case, where a judge determined that XRP is not necessarily a security when sold to the general public on exchanges, although sales to institutional investors could be classified differently. This nuanced decision underscores the complexities in applying existing securities laws to digital assets. Under Chairman Gary Gensler, the SEC maintains that most crypto tokens qualify as securities and insists that crypto firms should register or engage proactively with regulators prior to offering them. This stance has led to increased enforcement actions and has amplified calls within the industry for clearer regulatory guidelines.
3.The rise and regulation of decentralized finance
Decentralized finance (DeFi) continues to be a focal point for both innovation and regulatory attention. DeFi platforms offer financial services without traditional intermediaries, operating on decentralized blockchain networks. As of October 2023, the total value locked in DeFi applications has remained substantial, reflecting sustained investor interest. Regulators are increasingly scrutinizing DeFi projects for compliance with financial regulations, including those related to securities, money laundering, and consumer protection.
While this publication cannot address every issue that may arise in the fast-evolving digital asset landscape, our goal is to highlight and frame the most significant legal and regulatory challenges practitioners are likely to encounter. The complexity of these issues is often compounded by legislative delays and gaps in official guidance. Practitioners are encouraged to adopt a technology-agnostic approach, focusing on the underlying policies that laws and regulations aim to promote, which often transcend specific technologies.
We hope that readers of this publication will gain a deeper understanding of these complex issues and feel better equipped to advise their clients effectively. As the digital asset space continues to mature, staying informed and adaptable is essential for legal professionals navigating this challenging yet exciting field.
Preface
Josias N. Dewey
Holland & Knight LLP
Glossary
The Contributing Editor shares key concepts and definitions of blockchain
Foreword
Karen Scarbrough
Enterprise Ethereum Alliance
Industry Viewpoint
1On crypto, blockchain, and the turning of corners
Ron Quaranta
Wall Street Blockchain Alliance
Expert Analysis Chapters
8Blockchain and intellectual property: A case study
Ieuan G. Mahony, Brian J. Colandreo & Jacob Schneider
Holland & Knight LLP
24Cryptocurrency and other digital asset funds for U.S. investors
Gregory S. Rowland & Trevor Kiviat
Davis Polk & Wardwell LLP
37Regulating the unseen: Limiting the potential for negative externalities from MEV realization
Tom Momberg & Angela Angelovska-Wilson
DLx Law PLLC
59Legal considerations in the minting, marketing and selling of NFTs
Stuart Levi, Eytan Fisch, Alex Drylewski & Dan Michael
Skadden, Arps, Slate, Meagher & Flom LLP
82The regulation of stablecoins in the United States
Douglas Landy & Chanté Eliaszadeh
White & Case LLP
96Battle for the Planet of the Bored Apes: Regulation of digital assets
Richard B. Levin, Matthew G. Lindenbaum & Robert L. Lindholm
Nelson Mullins Riley & Scarborough, LLP
117Digital asset litigation defence: Leveraging the statutory seller requirement
Matthew Solomon, Thomas Bednar, Samuel Levander & Andrew Khanarian
Cleary Gottlieb Steen & Hamilton LLP
125Trends in the derivatives market and how recent fintech developments are reshaping this space
Jonathan Gilmour & Tom Purkiss
Travers Smith LLP
135Blockchain taxation in the United States
David L. Forst & Sean P. McElroy
Fenwick & West LLP
145OFAC sanctions and digital assets: Regulation, compliance, and recent developments
David M. Stetson, Evan T. Abrams, Andrew C. Adams & Sophia Breggia
Steptoe LLP
159Restaking and the evolution of blockchain security
Sarah Chen, Lewis Rinaudo Cohen & Gregory Strong
Cahill Gordon & Reindel LLP
169Digital asset mergers and acquisitions
William E. Turner II, Rebecca Jack, Thania Charmani & Sara Susnjar
Winston & Strawn LLP
186Accounting considerations for cryptoassets
Sean Stein Smith
The City University of New York
Jurisdiction Chapters
195Australia
Peter Reeves, Emily Shen & Jade McGlynn
Gilbert + Tobin
209Austria
Thomas Kulnigg, Marco Thorbauer & Michael Schmiedinger
Schoenherr Attorneys at Law
216Bermuda
Steven Rees Davies, Charissa Ball & Alexandra Fox
Carey Olsen
228Brazil
Luiz Felipe Maia, Flavio Augusto Picchi & André Napoli
Maia Yoshiyasu Advogados
245British Virgin Islands
Chris Duncan & Katrina Lindsay
Carey Olsen
253Canada
Alix d’Anglejan-Chatillon, Ramandeep K. Grewal, Éric Lévesque & Antonin Lapointe
Stikeman Elliott LLP
265Cayman Islands
Alistair Russell & Chris Duncan
Carey Olsen
273Estonia
Priit Lätt & Rainer Urmas Maine
TGS Baltic
284France
Hubert de Vauplane, Victor Charpiat & Hugo Bordet
Kramer Levin Naftalis & Frankel LLP
295Gibraltar
Jay Gomez, Javi Triay, Rupert Moffatt & Johnluis Pitto
Triay Lawyers Limited
303Greece
Dr. Anastasia Mallerou
Bernitsas Law
312India
Reddy Pawan Kumar & Athif Ahmed
Hash Legal
323Ireland
Keith Waine, Caoimhe Costello & David Lawless
Dillon Eustace LLP
334Israel
Uri Zichor
FISCHER (FBC & Co.)
347Japan
Takeshi Nagase, Takato Fukui, Keisuke Hatano & Huan Lee (Henry) Tan
Anderson Mori & Tomotsune
357Liechtenstein
Matthias Niedermüller & Giuseppina Epicoco
Niedermüller Attorneys at Law
368Lithuania
Vladimiras Kokorevas
Gofaizen & Sherle UAB
379Mexico
Carlos Valderrama & Arturo Salvador Alvarado Betancourt
Legal Paradox®
390Norway
Mads Ribe, Philip Heyden, Rasmus Jørgensen & Gjert Melsom
Ernst & Young Advokatfirma AS
401Poland
Mihhail Šerle
Gofaizen & Sherle Sp. z o.o.
410Portugal
Filipe Lowndes Marques, Vera Esteves Cardoso & Ashick Remetula
Morais Leitão, Galvão Teles, Soares da Silva & Associados
424Romania
Sergiu-Traian Vasilescu, Luca Dejan & Bogdan Rotaru VD Law Group
Flavius Jakubowicz JASILL Accounting & Business
439Singapore
Kenneth Pereire & Lin YingXin
KGP Legal LLC
449Spain
Alfonso López-Ibor Aliño, Olivia López-Ibor Jaume, Victoria Moreno Motilva & Santiago Alsina Gil
López-Ibor Abogados, S.L.P.
458Switzerland
Daniel Haeberli, Stefan Oesterhelt & Alexander Wherlock
Homburger
474Taiwan
Robin Chang & Eddie Hsiung
Lee and Li, Attorneys-at-Law
481Thailand
Jason Corbett & Don Chaiyos Sornumpol
Silk Legal Co., Ltd.
491Turkey/Türkiye
Şevki Özgür Altındaş, Merve Kütükçüoğlu Karpuzcu & Elif Öksüzler
Aksan Law Firm
502United Kingdom
Charles Kerrigan, Mike Ringer, Matthew Nyman & Anna Burdzy
CMS LLP
518USA
Josias N. Dewey & Samir Patel
Holland & Knight LLP
| Erscheinungsdatum | 30.10.2024 |
|---|---|
| Reihe/Serie | Global Legal Insights - Blockchain & Cryptocurrency Regulation ; 7 |
| Verlagsort | London |
| Sprache | englisch |
| Maße | 153 x 246 mm |
| Themenwelt | Recht / Steuern ► Allgemeines / Lexika |
| Recht / Steuern ► EU / Internationales Recht | |
| Recht / Steuern ► Wirtschaftsrecht ► Bank- und Kapitalmarktrecht | |
| Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
| ISBN-10 | 1-83918-376-4 / 1839183764 |
| ISBN-13 | 978-1-83918-376-8 / 9781839183768 |
| Zustand | Neuware |
| Haben Sie eine Frage zum Produkt? |
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