SlideShare a Scribd company logo
Crypto-assets.
Legal
Fundamentals
Early 2021
www.kdbmlaw.com
This is a crypto asset
Credit: Youtube, Libra
This one is too
Credit: Youtube, Strike
• Approx. 8300, most of
them garbage
• Market cap – USD 1
tln.
• BTC dominance
63.5%
Credit: Reddit
deFINE crypto
or LOSE your edge
• A financial instrument -
• A commodity
• E-money
• Money
• Property
digital representation of
value or rights which
may be transferred and
stored electronically,
using distributed ledger
technology or similar
technology
• Asset-referenced token - DIEM
• Electronic money token – USDT, GUSD
• BTC not included
• Crypto-asset white paper
• Liability of issuers of crypto-assets
• Capital requirements
• Marketing communication requirements
• Reserve of assets/custody requirements
• Significant tokens
• Market abuse prevention
EU Regulation on Markets in Crypto-
assets
• Crypto-asset service provider
• custody and administration of crypto-assets on
behalf of third parties;
• operation of a trading platform for crypto-assets;
• exchange of crypto-assets for fiat currency that is
legal tender;
• exchange of crypto-assets for other crypto-assets;
• execution of orders for crypto-assets on behalf of
third parties;
• placing of crypto-assets;
• reception and transmission of orders for crypto-
assets on behalf of third parties;
• providing advice on crypto-assets.
„If you don’t believe it or don’t get
it, I don’t have the time to try to
convince you, sorry.“
Satoshi Nakamoto

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Bbba crypto assets

  • 2. This is a crypto asset Credit: Youtube, Libra
  • 3. This one is too Credit: Youtube, Strike
  • 4. • Approx. 8300, most of them garbage • Market cap – USD 1 tln. • BTC dominance 63.5% Credit: Reddit
  • 6. • A financial instrument - • A commodity • E-money • Money • Property
  • 7. digital representation of value or rights which may be transferred and stored electronically, using distributed ledger technology or similar technology
  • 8. • Asset-referenced token - DIEM • Electronic money token – USDT, GUSD • BTC not included • Crypto-asset white paper • Liability of issuers of crypto-assets • Capital requirements • Marketing communication requirements • Reserve of assets/custody requirements • Significant tokens • Market abuse prevention EU Regulation on Markets in Crypto- assets
  • 9. • Crypto-asset service provider • custody and administration of crypto-assets on behalf of third parties; • operation of a trading platform for crypto-assets; • exchange of crypto-assets for fiat currency that is legal tender; • exchange of crypto-assets for other crypto-assets; • execution of orders for crypto-assets on behalf of third parties; • placing of crypto-assets; • reception and transmission of orders for crypto- assets on behalf of third parties; • providing advice on crypto-assets.
  • 10. „If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.“ Satoshi Nakamoto