Crypto Assets

Rafael García del Poyo, partner at Osborne Clarke in Spain and author of the book “Criptoactivos, retos y desafíos” (Cryptoassets, challenges and difficulties), has spoken on TVE’s Canal 24h about the rise of bitcoin in the financial markets.

While the Markets in Crypto-Assets Regulation will create obstacles to asset service providers, it will bring more cohesion to crypto regulation in the EU.

The FinTech industry is developing at a rapid pace. Companies and consumers alike are increasingly using digital financial services – and the European legislator is not the only one barely keeping up. But it has not been lazy: based on its consultation in the second quarter of 2020, the European Commission published its "Digital Finance Strategy" on 24 September 2020 and in this context adopted a comprehensive "Digital finance package".

Die FinTech-Branche entwickelt sich mit rasanter Geschwindigkeit, Unternehmen wie Verbraucher nutzen zunehmend digitale Finanzdienstleistungen – und (nicht nur) der europäische Ge-setzgeber kommt kaum hinterher. Doch untätig war er nicht: Basierend auf ihrer Konsultation im 2. Quartal 2020 hat die EU-Kommision am 24. September 2020 ihre “Digital Finance Strategy” veröffentlicht und in diesem Zusammenhang ein umfassendes “Digital finance package” verabschiedet.

7 August 2020

Crypto assets, tokenization of assets, asset-backed token, token economy, blockchain-based trading of assets – even seven years after the world’s first ICO, crypto assets, tokens and related concepts („Crypto Assets“) are still in the news. However, Crypto Assets have not been able to make their way on the domestic financial markets. What is the reason for this? And what is being done to (finally) pave the way for the inevitable triumph of Crypto Assets?