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.
General information, explanations regarding the action plan, related links, etc. of the EU Commission on Digital Finance
General information provided by BaFin concerning company start-ups and fintech companies, also related to technologic topics as Blockchain technology, virtual currencies, ICOs, etc. can be found on the specific BaFin site
The BaFin also published specific circulars, guidelines, etc. on ICOs and crypto token and their regulatory treatment and on recently introduced 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)
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)
Main topics of the association's work
December 2020/January 2021: Crypto-Assets, digitization and new technologies
Documents of past BAI events
If you are interested in the BAI Insight documents, please contact Roland Brooks (email@example.com).
Verordnung über Kryptofondsanteile
until October 1, 2021
Financial services - EU regulatory framework for crypto-assets
02. October 2020 - 11. January 2021
Financial services - improving resilience against cyberattacks (new rules)
02. October 2020 - 08. February 2021