MiCa — Markets in Crypto-assets Regulation and the DLT Pilot Regime — What impact might these proposed EU regulations have on Liechtenstein and the TVTG (aka Blockchain Act)?

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Abstract

“the European Commission has set the traffic lights to green for the token economy”.

“Like smartphones have become standard in the meantime, tokens will become standard in the future,”

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Crypto-asset services Art. 3 No 9 MiCa
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Token classification based on MiCa and the proposed amendmend of MiFID II.
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Comparison of MiCa and the TVTG
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Types of Secondary Markets for Security Token
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The pilot Regime allows a DLT MTF to perform some activities normally performed by a CSD

One of the difficulties at present is that existing financial services regulation was not designed with DLT in mind.

This could develop into a competitive advantage for a crypto pioneer nation such as Liechtenstein.

Written by

Attorney at Law specialized in Banking & Finance and Technology | Former coder | member of the workgroup drafting the Liechtenstein Blockchain Act.

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