As we discuss in another article, legislation extending the coverage of anti-money laundering/combating financing of terrorism (AML/CFT) regulations to include cryptocurrencies is already at an advanced stage in Poland and at the EU level.
Author: Jacek Czarnecki
Advisor to blockchain projects. Creator and participant in many initiatives involving the overlap between blockchain and the law, in Poland and abroad. One of his current projects is organising the Warsaw branch of Legal Hackers. He collaborates with the New Technologies practice at Wardyński & Partners. Write to the author: jacekczarnecki@protonmail.com
Important regulation impacting blockchain technologies (especially ICOs) in Poland
Two simultaneously published articles discuss soon to be proposed rules for applying Anti Money Laundering and Countering Financing of Terrorism (AML/CFT) regulations to cryptocurrencies (and potentially tokens). The first article describes key changes expected in the proposal, the second analyses the proposed new definition of ‘virtual currency’ and its anticipated practical impact.
Blockchain and the new reality of decentralised financial services
While the market is captivated by initial coin offerings as they continue to attract dizzying returns on invested capital, the capabilities of blockchain technology reach much further. Indeed, some blockchain solutions currently in development or already available throw into question the sense of existing financial regulations.
Continue reading “Blockchain and the new reality of decentralised financial services”
Will the EU regulate tokens and ICOs?
We have written about initial coin offerings several times, both here on the blog and in our 2016 report on blockchain, smart contracts and DAO. ICOs continue to grow at an impressive rate, with projects raising funding of several billion dollars through ICOs in 2017. Continue reading “Will the EU regulate tokens and ICOs?”
Smart contracts in practice
Smart contracts are no longer just a theoretical concept and are becoming a real tool used by lawyers (with some help from developers…).
Blockchain and electronic identification
For many people today, a life lived offline can hardly be imagined, but the internet still has many limitations. Access to information and easy communications have become the standard and basis for functioning of the society and the economy—and, it follows, a subject of interest to the law. Nonetheless, we more and more often sense the shortcomings of the current version of the digital world. These include digital exchange of value and universal electronic identification.