Tim A. Kreutzmann

CROSS-BORDER INVESTMENTS IN EU MARKETS IN CRYPTOASSETS: LEGAL ASPECTS

DOI: https://doi.org/10.24040/pros.13.11.2020.svp.145-156

Abstrakt

As the economic importance of crypto-assets increases, so does the need for regulatory guidance. Especially if these tokens pose risks to financial market stability or consumer protection. With the proposal to regulate the markets for crypto-assets, the European Commission intends to create a legal framework for those crypto-assets that are not regulated so far because they are not financial instruments. The proposal introduces rules for issuers of crypto-assets and service providers including trading platforms and custodians. A harmonized EU framework will prevent regulatory arbitrage when providing cross-border services.

Kľúčové slová:

Crypto-Assets, Asset-Referenced Token, Distributed-Ledger-Technology, Market Regulation