The topic of digital finance is of particular relevance to the AI industry with regard to digital assets and the use of block chain or DLT technology. In the context of the block chain strategy of the Federal Government of Germany and the Digital Finance Package of the EU Commission, various legislative projects are currently being pushed forward. Of particular relevance in this context is the draft law on the introduction of electronic securities jointly submitted by the Federal Ministry of Finance and the Federal Ministry of Justice (Germany) and the draft regulation on the regulation of crypto asset markets (Markets in Crypto Assets, MiCA) submitted by the EU Commission. For the time being, the administrative practice developed by BaFin on the regulatory classification and treatment of crypto tokens, ICOs, etc. is still valid.
Digital Finance Package of the EU Commission
Communication of the EU commission to the DIgital Finance Package, dated by September 24, 2020
General information, explanations regarding the action plan, related links, etc. of the EU Commission on Digital Finance
Regulations
Proposal for a REGULATION on Markets in Crypto-assets (MiCAR)
Proposal for a REGULATION on digital operational resilience for the financial sector (DORA)
BaFin administrative practice
The BaFin also published specific circulars, guidelines, etc. on ICOs and crypto token and their regulatory treatment and on recently introduced crypto custody business
Guidelines on applications for authorisation for crypto custody business
Guidance Notice crypto tokens (Merkblatt Zweites Hinweisschreiben zu Prospekt- und Erlaubnispflichten im Zusammenhang mit der Ausgabe sogenannter Krypto-Token (GZ: WA 51-Wp 7100-2019/0011 und IF 1-AZB 1505-2019/0003)
English convenience translation
Advisory letter Initial Coin Offerings: Advisory letter on the classification of tokens as financial instruments (Hinweisschreiben (WA) GZ: WA 11-QB 4100-2017/0010 Aufsichtsrechtliche Einordnung von sog. Initial Coin Offerings (ICOs) zugrunde liegenden Token bzw. Kryptowährungen als Finanzinstrumente im Bereich der Wertpapieraufsicht)
BAI Documents/Contributions
Main topics of the association's work
December 2020/January 2021: Crypto-Assets, digitization and new technologies
Upcoming webinars
Documents of past BAI events
Unterlagen des BAI Blockchain Events "Blockchain: Re-Thinking Asset Management - Implikationen für Investoren,Manager und Assetklassen" am Dienstag, 21. Januar 2020
Agenda der BAI Insight 34 FinTech & Co. - die Asset-Management Branche im disruptiven Wandel?!"
If you are interested in the BAI Insight documents, please contact Roland Brooks (brooks@bvai.de).