Regulation of the European Parliament and of the Council on a pilot scheme for market infrastructures based on decentralized registry technology. Before starting, it is important to be clear about two concepts: First, we should know that cryptoassets are one of the main applications of blockchain technology in finance. In [...]
The Government of Spain, through the Secretary of State for Digitalization and Artificial Intelligence, belonging to the Ministry of Economic Affairs and Digital Transformation, and the European Commission have presented today in Brussels the pilot project to launch the first regulatory sandbox (testbed) of the European Union on Artificial Intelligence.
A Regulatory Sandbox is identified as a test bed in which the supervisory authority will allow testing innovative technology-based projects in the financial field, with real users, under the control and supervision of the competent authority. On November 4, 2020, the Senate approved the Bill for the Transformation of the Financial Services Sector.
For some years now we have seen how the figure of the cryptocurrency advisor has been growing in two ways, professionals with years of experience in the tax field and who are integrated with knowledge in the Blockchain ecosystem and Digital Assets and, on the other hand, professionals with training in the field and preparation in taxation.
Based on our experience and daily work with projects and individuals in the digital asset ecosystem we have perceived a rejection, mainly due to lack of information and terror or concern about market regulation. First of all, we should keep in mind that the regulation of any sector is focused on the
The importance of regulation in the crypto ecosystem Read more "
The present analysis must start from the premise that NFTs do not inherently possess -nor grant- rights of use, much less licenses. That is why it must be accompanied by a contract in which the underlying content of the NFT is expressly transferred. To this effect, the authorization that the holder of the
In this blog article we will talk about Smart Contracts, a concept born years ago that has been rescued in recent times thanks to Blockchain technology. This technology can help the implementation of Smart Contracts. But first, let's define what a Smart Contract (hereafter, SC) is. A SC is, in
The intervention of the CNMV in the regulation of crypto advertising was inevitable due to its remarkable growth. We are going to analyze the entry into force of Circular 1/2022, which regulates the principles and criteria to which advertising activity on cryptoassets and other assets and instruments presented as objects
The CNMV and the regulation of crypto advertising Read more "
The topic we will address in this post is the following: What happens if a dispute arises with respect to one of these transactions? What evidentiary value do the data contained by the blockchain have in a civil process? The new industrial revolution, the 4.0, will be marked by Web3, whose backbone is the blockchain.
The community objective of a single economic and financial market in the European Union does not make sense if it is not accompanied by changes and joint advances with technology and the new paradigm set by Digital Assets and Blockchain technology. For this reason, it is not surprising that the corresponding bodies in Europe are
European Union Regulation: Digital Finance Package Read more "
