New applications for blockchain, such as decentralised exchanges and unique tokens, bring new legal challenges. But sometimes even well-known uses of this technology present interesting legal issues never raised before or for some reason overlooked in the legal debate.
Undoubtedly cryptocurrencies and other crypto assets will not remain outside the legal system for long. Although they cannot be directly tied to many existing regulatory regimes, as we discussed in 2014 in our virtual currencies report, this does not mean that activity involving crypto assets will never be regulated. This is evident from the example of blockchain tokens, which in certain situations may be regarded as financial instruments.
Continue reading “Cryptocurrencies and sanctions”
Blockchain does not function in a legal vacuum. Depending on how the technology is used, various legal regulations may be applicable. As blockchain is often used for cooperation between unaffiliated entities, it is worth considering the consequences that may arise under competition law.
Continue reading “Blockchain and competition law”
As mentioned in the article on trends in blockchain regulation in 2018, 2018 will probably be remembered as the year in which blockchain began to be regulated in various areas. Public institutions are constantly floating new ideas in a number of different countries.
The measures taken by lawmakers and regulators do not solely reflect a wish to perform tasks such as ensuring financial stability, consumer and investor protection, and crime prevention. Legislators have evidently noticed that there may be true benefits to development of blockchain in their jurisdictions, such as assistance for the local innovation ecosystem, capital inflow, or the attracting of businesses and technological projects.
Continue reading “Is blockchain to be regulated at international level?”
In September 2016 we wrote an article (in Polish) on the relevance of EU law for the FinTech sector. FinTech has seen intensive growth on a global scale in the dozen or so months since then.
Continue reading “FinTech and blockchain in the European Union”
A couple of years ago, there were just a few lawyers interested in cryptocurrencies handling the small number of cases in this area. Businesses using this technology had little need for legal services, as the prevailing view among them was that few aspects of their operations were subject to any legal regulation.
Continue reading “Blockchain: Regulatory trends in 2018”
2017 was undoubtedly the year of the ICO—raising funds by distribution of blockchain tokens. Although neither initial coin offerings nor tokens were entirely new, in 2017 they exploded with full force, generating a huge growth in interest in blockchain technology.
Continue reading “Unique tokens—a new trend in the world of blockchain”