Global Legal Insights

Blockchain & Cryptocurrency Regulation

Josias Dewey (Herausgeber)

Buch | Hardcover

600 Seiten

2022 | 5th Revised edition
Global Legal Group Ltd (Verlag)
9781839182266 (ISBN)

Infos

Regulatory clarity in the digital assets (or crypto) space continues to remain elusive. Nevertheless, interest in regulating digital assets and crypto has never been higher among policymakers and regulators. In the U.S., 2022 saw its most voluminous introduction of bills aimed at regulating the digital asset space. While it is still early days, some U.S. regulators already appear to be approaching digital assets from different and almost combative perspectives (e.g., the Commodities Futures Trading Commission and the Securities Exchange Commission). Others, however, appear to be doubling down on their historic approach (e.g., the Office of the Comptroller and the addition of blockchain agnostic open-source computer code to the SDN List). All of this ensures that providing sound legal counsel in this space will continue to be a challenge. Now in its fifth edition, this publication is dedicated to assisting counsel overcome this challenge, whether advising clients in the U.S. or elsewhere.
The last year has seen a number of developing trends. First, the interest of institutional players has continued to grow exponentially as digital assets continue to move into the mainstream. This has included institutional investors and asset managers and the growing number of service providers and professionals that support those activities. Today, digital assets like Bitcoin and Ether are a staple of most financial news tickers and digital assets themselves are widely considered an investment class along the same lines as precious metals. Second, the proliferation of stablecoins and increasingly complex and popular
decentralized finance transactions has drawn increased scrutiny from regulators and policymakers, with even the White House recently announcing that it supports regulating stablecoin issuers like banks, but banning "endogenously collateralized stablecoins" or, said another way, algorithmically controlled stablecoins. Third, non-fungible tokens (NFTs) have increased in popularity. NFTs representing everything from digital artwork to sports memorabilia continue to fetch millions at auction. Finally, the conflation of digital assets with the metaverse has impressed the notion that as the metaverse permeates more into all aspects of society, owning digital assets will become more commonplace because of the misguided view that a metaverse can only operate on a blockchain. Simply put, the number and nature of engagements has exploded over the last year.
While no publication can provide clarity on all the issues that might be relevant to a digital asset or blockchain engagement, our hope is that this publication frames many of the most significant issues that practitioners will confront. For many issues, clarity is particularly difficult to attain as a result of legislative and regulatory inaction and other gaps in official guidance. As the chapters in this publication reveal, practitioners will generally be well served to approach many of these issues from a technologically agnostic perspective. Laws and regulations serve to advance or implement policies, which are often equally applicable regardless of technology.
There are, however, some instances when a certain aspect of a technology may raise its own unique considerations. For example, digital asset transaction obfuscators, or "mixers", like Tornado Cash, potentially allow for digital transfers of value without an easy means of identifying senders and recipients. This has implications for the application of AML/KYC regulations, such as the travel rule, to transactions involving these assets. Hopefully, after digesting the chapters of this publication, the reader will be better able to identify the issues presented by a given engagement and more easily able to properly frame those issues to his or her clients.

Inhalt

Preface
Josias N. Dewey, Holland & Knight LLP
Glossary
The Contributing Editor shares key concepts and definitions of blockchain
Foreword
Daniel C. Burnett, Enterprise Ethereum Alliance
Industry chapters
The bumpy road forward - cryptoassets, blockchain and the continued evolution of global markets
Ron Quaranta, Wall Street Blockchain Alliance 1
White House comprehensive framework on digital assets
Jason Brett & Whitney Kalmbach, Value Technology Foundation 9
Expert analysis chapters
Blockchain and intellectual property: A case study
Ieuan G. Mahony, Brian J. Colandreo & Jacob Schneider, Holland & Knight LLP 14
Cryptocurrency and other digital asset funds for U.S. investors
Gregory S. Rowland & Trevor Kiviat, Davis Polk & Wardwell LLP 30
Decentralized finance: The revolution continues - current regulations and impacts of cross-chain bridge solutions
Angela Angelovska-Wilson, Greg Strong & Sarah Chen, DLx Law 45
Legal considerations in the minting, marketing and selling of NFTs
Stuart Levi, Eytan Fisch & Alex Drylewski, Skadden, Arps, Slate, Meagher & Flom LLP 58
Cryptocurrency compliance and risks: A European KYC/AML perspective
Fedor Poskriakov & Christophe Cavin, Lenz & Staehelin 77
The regulation of stablecoins in the United States
Douglas Landy, James Kong & Stephen Hogan-Mitchell, White & Case LLP 94
A day late and a digital dollar short: Central bank digital currencies
Richard B. Levin & Kevin R. Tran, Nelson Mullins Riley & Scarborough LLP 108
A custodial analysis of staking
David Lopez, Brandon Hammer & Kathryn Witchger, Cleary Gottlieb Steen & Hamilton LLP 122
Trends in the derivatives market and how recent fintech developments are reshaping this space
Jonathan Gilmour, Vanessa Kalijnikoff Battaglia & Tom Purkiss, Travers Smith LLP 135
Tracing and recovering cryptoassets: A UK perspective
Jane Colston, Jessica Lee & Yeva Agayan, Brown Rudnick LLP 145
Blockchain taxation in the United States
David L. Forst & Sean P. McElroy, Fenwick & West LLP 158
Crypto M&A: Current trends and unique legal and regulatory considerations
Dario de Martino & Mara Goodman, Allen & Overy LLP 167
U.S. sanctions and cryptocurrency: Recent developments and
compliance considerations
Roberto J. Gonzalez & Jessica S. Carey, Paul, Weiss, Rifkind, Wharton & Garrison LLP 184
The law of the metaverse
Violetta Kokolus, Joshua Jackson & Jonathan Iwry, Ropes & Gray LLP 193
The emergence of DAOs: From legal structuring to dispute resolution
Alexandru Stanescu & Tudor Velea, SLV Legal 204
Blockchain-driven decentralisation, disaggregation, and distribution - industry perspectives
Marcus Bagnall, Nicholas Crossland & Ben Towell, Wiggin LLP 219
Morphing: A (labour of ) love story... OR token morphing isn't dead
Digital edition chapter
Joshua Ashley Klayman, Linklaters LLP
Angela Dalton, Signum Growth Capital 237
Jurisdiction chapters
Andorra Jose Maria Alfin Martin-Gamero, Marti Periago Laporta & Daiana Diaz Custodio, FINTAX ANDORRA 240
Australia Peter Reeves, Robert O'Grady & Emily Shen, Gilbert + Tobin 252
Austria Ursula Rath, Thomas Kulnigg & Dominik Tyrybon, Schoenherr Rechtsanwalte GmbH 265
Bahamas Aliya Allen, Graham Thompson 273
Bermuda Steven Rees Davies, Charissa Ball & Alexandra Fox, Carey Olsen Bermuda Limited 281
Brazil Luiz Felipe Maia & Flavio Augusto Picchi, Maia Yoshiyasu Advogados 293
Bulgaria Ivan Nikolaev, Danail Petrov & Tihomir Todorov, Nikolaev and Partners Law Firm 308
Canada Alix d'Anglejan-Chatillon, Ramandeep K. Grewal & Eric Levesque, Stikeman Elliott LLP 318
Cayman Islands Alistair Russell, Chris Duncan & Jenna Willis, Carey Olsen 329
Cyprus Akis Papakyriacou, Akis Papakyriacou LLC 337
France William O'Rorke & Alexandre Lourimi, ORWL Avocats 346
Gibraltar Jonathan Garcia, Jake Collado & Joey Garcia, ISOLAS LLP 357
Hong Kong Gaven Cheong, Tiang & Partners Peter B. Brewin & Adrian A. Clevenot, PwC Hong Kong 367
India Nishchal Anand, Pranay Agrawala & Dhrupad Das, Panda Law 378
Ireland Keith Waine, Karen Jennings & David Lawless, Dillon Eustace LLP 391
Italy Massimo Donna & Ferdinando Matteo Vella, Paradigma - Law & Strategy 402
Japan Takeshi Nagase, Tomoyuki Tanaka & Takato Fukui, Anderson Mori & Tomotsune 410
Luxembourg Jose Pascual, Bernard Elslander & Clement Petit, Eversheds Sutherland LLP 421
Mexico Carlos Valderrama, Alba Patricia Rodriguez Chamorro & Arturo Salvador Alvarado Betancourt, Legal Paradox (R) 434
Netherlands Robbert Santifort, Ilham Ezzamouri & Natalia Toeajeva, Eversheds Sutherland 442
Norway Ole Andenaes, Snorre Nordmo & Stina Tveiten, Wikborg Rein Advokatfirma AS 456
Portugal Filipe Lowndes Marques, Mariana Albuquerque & Duarte Verissimo dos Reis, Morais Leitao, Galvao Teles, Soares da Silva & Associados 471
Romania Sergiu-Traian Vasilescu & Luca Dejan, VD Law Group Flavius Jakubowicz, JASILL Accounting & Business 482
Singapore Kenneth Pereire & Lin YingXin, KGP Legal LLC 494
Spain Alfonso Lopez-Ibor Alino, Olivia Lopez-Ibor Jaume & Alejandro Andres Sosa Roehl, Lopez-Ibor Abogados, S.L.P. 504
Switzerland Daniel Haeberli, Stefan Oesterhelt & Alexander Wherlock, Homburger 513
Taiwan Robin Chang & Eddie Hsiung, Lee and Li, Attorneys-at-Law 528
Thailand Jason Corbett & Don Sornumpol, Silk Legal Co., Ltd. 535
Turkey/Turkiye Alper Onar & Emre Subasi, Aksan Law Firm 540
United Kingdom Charles Kerrigan, Erika Federis & Anna Burdzy, CMS Cameron McKenna Nabarro Olswang LLP 554
USA Josias N. Dewey & Samir Patel, Holland & Knight LLP 569

Produkt-Details

• Erscheinungsdatum: 02.11.2022
• Reihe/Serie: Global Legal Insights - Blockchain & Cryptocurrency Regulation ; 5
• Verlagsort: London
• Sprache: englisch
• Maße: 156 x 246 mm
• Themenwelt: Recht / Steuern ► Allgemeines / Lexika
• Themenwelt: Recht / Steuern ► EU / Internationales Recht
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht ► Bank- und Kapitalmarktrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• ISBN-13: 9781839182266 / 9781839182266
• Zustand: Neuware