Initial Coin Offerings (ICOs) are currently the hottest topic in the financial markets. They typically use blockchain technology to offer so-called ‘tokens' that can confer various rights. Experts estimate that the amount of money raised via ICOs will reach US$ 20 billion by the end of 2018....

Introduction to Blockchain-Based Assets / Michael Fluhr and Deborah Meshulam --Blockchain-Based Assets as Securities / Michael Fluhr and Deborah Meshulam -- CFTC Regulation of Blockchain-Based Assets / Daniel Nathan, Jonas Robison, and S. Chris Min -- 4 Federal Taxation of Virtual Currencies /...

This article presents a comparative analysis of the application of US and EU securities laws to initial coin offerings (ICOs), or token sales. An extensive token taxonomy framework is proposed to categorize digital assets in order to advance a more precise discussion on the legal classification...

The European Commission published its new Digital Finance Strategy on 24 September 2020. One of the centrepieces of the Strategy is the draft Regulation on Markets in Crypto-Assets (MiCA), designed to provide a comprehensive regulatory framework for digital assets in the EU.With MiCA the EU...