Beyond COVID-19: Crisis response or road to recovery?
Crisis response or road to recovery?
Norton Rose Fulbright’s global blockchain and cryptocurrency team has produced a global legal and regulatory guide to cryptocurrencies.
The guide is issued in a series of chapters, published monthly.
To date, most litigation involving cryptocurrency has related to breach of contract and fraud (the Butterfly Labs case) or insolvency (Mt Gox). However, as cryptocurrencies become more widely used it is reasonable to expect that the litigation risk surrounding them will also increase.
A common narrative in the cryptocurrency space is that the public ledger and cryptocurrency units are somehow beyond the reach of the state and the courts. This is partly because, from a practical point of view, decentralised peer-to-peer networks are governed and operated on the principle of distributed consensus and are designed to frustrate the possibility of third-party interference – including that of the courts. This narrative is misleading. In many cases, courts will be able to exert control over individuals in their jurisdiction to compel the disclosure of private keys and thereby access cryptocurrency. That process is a common thread which we will explore in this chapter.
In this chapter we will consider:
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Am 11. August 2021 hat die BaFin eine Konsultation zur Änderung ihrer FAQ zum Vertrieb und Erwerb von Investmentvermögen nach dem KAGB veröffentlicht. Es besteht bis zum 13. September 2021 die Möglichkeit zur Stellungnahme.
Die BaFin hat am 16. August 2021 die lang erwartete 6. Novelle ihres zentralen Rundschreibens zu Mindestanforderungen an das Risikomanagement (Rundschreiben 10/2021 (BA) – MaRisk) veröffentlicht, das die Verwaltungspraxis zur ordnungsgemäßen Geschäftsorganisation von Instituten zusammenfasst.
© Norton Rose Fulbright LLP 2021