newtech.law

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
Posted on Categories fintech

Coming soon: A legal definition of virtual currencies

It has been known for some time that the European Commission plans to extend the EU’s regulations on anti-money laundering and combating of terrorism financing (AML/CTF) to cover digital currencies. In February 2016 the Commission announced that it would present a proposal for changes in law in this area by the middle of the year.

The legislative proposal was presented in July 2016. It may bring about many changes for individuals and firms operating in the area of digital currencies, and perhaps also for those involved in distributed ledger (blockchain) technology.

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Posted on Categories changes in law, crowdfunding

New and planned regulation of investment crowdfunding

New regulations and interpretations will soon have an impact on equity- and debt-based crowdfunding business models.

Investment crowdfunding (understood to mean equity-based and debt-based crowdfunding) currently enjoys great regulatory leeway due to the lack of regulations specifically addressed to the crowdfunding market. But some current and planned regulations may impede its growth. Recent regulatory proposals as well as inter­pretations could significantly change the current shape of the market, creating both incentives and barriers for participants.

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