In the ninth installment in the Finding Balance series, we take a closer look at the impact of new technology on financial institutions.
The Spanish Government recently issued a new royal-decree with the aim of protecting retail potential investors in digital financial instruments and assets (Royal Decree). This seeks to counter the increase of mass-market advertising campaigns in relation to the selling of crypto-assets, including bitcoin and other assets using Distributed Ledger Technology (DLT) targeted at the Spanish market.
According to Maksym: financial regulators who engage with technology now stand to reap the most benefits.
90 minute webinar covering commercial implications, use cases and legal assessments.
Initial Coin Offerings are now mushrooming in Germany as well and the regulator published a guidance note explaining the circumstances under which tokens are “financial instruments”.
There’s increasing demand for best practices, codes of conduct and self-regulatory frameworks to be developed. And there are signs that the sector is responding.