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ECSP: “The Regulation is going in the right direction
Good things take time. 2.5 years have passed since the European Parliament and the Council, as part of their Action Plan on technology-enhanced innovation in financial services in Europe, adopted a proposal for a regulation on European commercial Crowdfunding Service Providers.“ECSP”) together with supplementary annexes and assessments. Last Monday the proposal was adopted in Brussels…
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New crypto-regulation: legal certainty for banks and cryptotechs – but no change in the status quo for banks
A guest contribution by Hartmut Giesen At the end of November, in the course of the implementation law of the 4th Money Laundering Directive, the amendments to the German Banking Act (KWG) on the regulation of crypto transactions, which had been the subject of much discussion in recent months, were adopted. The KWG now defines…
