Werner - legal aspects of new technologies

A year might seem like a long time, but it’s not much for rebuilding processes for remote identification and verification of customers’ identity for anti–money-laundering purposes. In 2027, institutions will face two related reforms. First, the AMLR (Regulation (EU) 2024/1624) will begin to apply directly, along with the regulatory technical standards for due diligence of customers. Second, 2027 will be a key year for application of the changes under eIDAS 2.0 (Regulation (EU) 2024/1183), implementing the European Digital Identity Wallet (EUDIW). What will change for obliged entities?

Staking-as-a-service (StaaS) providers are steadily growing on the crypto-assets market along with the increasing popularity of decentralised networks based on the proof-of-stake consensus mechanism. The growing profile of StaaS providers also raises legal questions about the nature of these business models and the regulatory risk associated with them. In this article we examine one of these risks: the risk of treating the activity of StaaS providers as the activity of an alternative investment fund (AIF).