Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Blockchain technology– the distributed platform that removes intermediaries from the equation and resolves the trust issue – has brought fundamental changes to almost all industries and business models by enabling novel ways of transacting. The technology brought tremendous challenges to established principles, rules, laws, and regulations and has captured the minds of digital innovators, the wider financial industry, regulators, and governments alike who have facing increasing pressure to support innovation while ensuring that the regulations and policies needed to hold stakeholders accountable for the communities they intend to serve are in place.
Regulators around the world evaluate and implement diverse regulations governing the use and applications of Blockchain reflecting varying degrees of acceptance ranging from blanket prohibition to highly facilitating frameworks. Individuals and organisations, in turn, assess the related risks and legal challenges.
This training considers the emerging issues in the regulation of Blockchain technology and crypto-assets and examines the potential need for additional or adapted legislation. In this course, participants will understand that the wider the adoption of Blockchain technology across the world, the greater the innovation, which is vital for businesses and societies. Furthermore, the training will focus on the most important developments in relation to regulating the use of Blockchains and crypto-assets. The Markets in Crypto-Assets Regulation is a prominent example of a blockchain- and cryptoasset-focused regime introduced at the EU level governing a wide scope of crypto-assets and crypto-asset services. Hence, we will look at pieces of legislation that have already been introduced or are impending (EU and domestic) as well as initiatives, directives, views and positions of global bodies, key jurisdictions, different countries’ regulators and authorities.
Training Objectives
By the end of the programme, participants will:
- understand what Blockchain is, how it functions and its features and characteristics
- understand blockchain governance and be able to explore the various Consensus Mechanisms
- understand Smart Contracts and Decentralised Applications (Dapps)
- comprehend the legal classification of tokens
- understand Tokens and Asset Tokenisation on blockchain
- discuss about Central Bank Digital Currency (CBDC)
- explore the most important developments in relation to Blockchain and crypto- assets regulation (we discuss, among others, MiCAR, DLT pilot regime, Travel Rule and AML regarding crypto-asset services)
- become familiar with STOs and other models of token offerings, including offerings of MiCAR crypto-assets
- explore the Crypto-Asset Service Providers (CASPs) regime
Training Outline
Introduction
- An overview of Blockchain Technology: What it is and how it works
- Blockchain Evolution
- Blockchain features and unique characteristics
- Smart Contracts
- Decentralized Applications (Dapps)
- Applications of Blockchain: Cryptocurrencies
Cryptocurrencies
- Crypto-Assets vs Cryptocurrencies
- Types of cryptocurrencies: Bitcoin, Altcoins, Stablecoins, CBDCs
- Tokenization and tokenized economy
- Legal Classification of Tokens:
– Fungible Tokens Vs Non-Fungible Tokens (NFTs)
– Payment Tokens
– Utility Tokens
– Security Tokens
– Stablecoins
– MiCAR classification
– interaction and relationship between MiCAR token classification and industry token classification
An overview of crypto-assets regulatory environments
- Why regulation matters?
- What are the issues policymakers and governments are worried about?
- The key actors in the space: International Bodies, Regional Bodies, Governmental Bodies
- Discussing selective regulatory initiatives (FATF recommendations, European and Member States’ initiatives)
- The EU AML legislative package
- Regulation (EU) 2015/847 on Information Accompanying Transfer of Funds and Certain Crypto Assets (Recast) expanding traceability requirements to crypto-assets (TFR) [travel rule regulation]
- Markets in Crypto-Assets Regulation (MICA Regulation)
- DLT Pilot regime for market infrastructures
- Digital Operational Resilience Act (DORA)
- Central Bank Digital Currency (CBDC) – A Digital Euro?
Security Token Offerings (STOs) and Other Token Offerings
- Initial Public Offering (IPO) Vs Token Offerings
- Security Token Offering (STO) and Other Token Offerings – MiCAR Crypto-asset Offering
- Use case: real estate tokenisation
- The legal process of conducting a token offering
- Legal, regulatory and technical challenges
Who Should Attend
This course is suitable for people from all kinds of backgrounds who are interested in learning about Blockchain regulation and policy.
It is also ideal for:
- EU Lawyers
- Third-country Lawyers
- Legal Advisors
- Attorneys of the Republic
- Internal Lawyers (working in any legal department of an organization or government)
- Legal Services Professionals
- Graduate Lawyers
- Junior Lawyers
- Law Students
- Law Researchers
- Law Drafters
- Legal Projects Managers
- Compliance officers
- Financial advisors
- Government Agencies
- HR Managers
- Corporate Administrators
- Strategy Managers
- Technology Strategy Leaders
- Digital Transformation Heads, Officers and Team Members
- Innovation Leaders and members of Innovations labs
- Project Managers and Associate Project Managers
- Legal Analysts
- Executives and senior managers
Training Style
The programme is designed to deliver theoretical knowledge mainly via a lecture supported by power-point presentations. At the end of the programme, participants will benefit from a Q&A session.
Knowledge Test
At the completion of the knowledge areas, participants will be assessed via the form of Multiple-Choice Questions which will consist of questions related to the material taught. The aim of the assessment is to examine participants’ overall attention and knowledge of material taught as well as their competencies towards the implementation of practical cases.
CPD Recognition
This programme may be approved for up to 14 CPD units in Blockchain and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
For the CySEC requirements, CPD units attained from this course should not exceed the 50% of the total CPD Units of each individual.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Training Objectives
By the end of the programme, participants will:
- understand what Blockchain is, how it functions and its features and characteristics
- understand blockchain governance and be able to explore the various Consensus Mechanisms
- understand Smart Contracts and Decentralised Applications (Dapps)
- comprehend the legal classification of tokens
- understand Tokens and Asset Tokenisation on blockchain
- discuss about Central Bank Digital Currency (CBDC)
- explore the most important developments in relation to Blockchain and crypto- assets regulation (we discuss, among others, MiCAR, DLT pilot regime, Travel Rule and AML regarding crypto-asset services)
- become familiar with STOs and other models of token offerings, including offerings of MiCAR crypto-assets
- explore the Crypto-Asset Service Providers (CASPs) regime
Training Outline
Introduction
- An overview of Blockchain Technology: What it is and how it works
- Blockchain Evolution
- Blockchain features and unique characteristics
- Smart Contracts
- Decentralized Applications (Dapps)
- Applications of Blockchain: Cryptocurrencies
Cryptocurrencies
- Crypto-Assets vs Cryptocurrencies
- Types of cryptocurrencies: Bitcoin, Altcoins, Stablecoins, CBDCs
- Tokenization and tokenized economy
- Legal Classification of Tokens:
– Fungible Tokens Vs Non-Fungible Tokens (NFTs)
– Payment Tokens
– Utility Tokens
– Security Tokens
– Stablecoins
– MiCAR classification
– interaction and relationship between MiCAR token classification and industry token classification
An overview of crypto-assets regulatory environments
- Why regulation matters?
- What are the issues policymakers and governments are worried about?
- The key actors in the space: International Bodies, Regional Bodies, Governmental Bodies
- Discussing selective regulatory initiatives (FATF recommendations, European and Member States’ initiatives)
- The EU AML legislative package
- Regulation (EU) 2015/847 on Information Accompanying Transfer of Funds and Certain Crypto Assets (Recast) expanding traceability requirements to crypto-assets (TFR) [travel rule regulation]
- Markets in Crypto-Assets Regulation (MICA Regulation)
- DLT Pilot regime for market infrastructures
- Digital Operational Resilience Act (DORA)
- Central Bank Digital Currency (CBDC) – A Digital Euro?
Security Token Offerings (STOs) and Other Token Offerings
- Initial Public Offering (IPO) Vs Token Offerings
- Security Token Offering (STO) and Other Token Offerings – MiCAR Crypto-asset Offering
- Use case: real estate tokenisation
- The legal process of conducting a token offering
- Legal, regulatory and technical challenges
Who Should Attend
This course is suitable for people from all kinds of backgrounds who are interested in learning about Blockchain regulation and policy.
It is also ideal for:
- EU Lawyers
- Third-country Lawyers
- Legal Advisors
- Attorneys of the Republic
- Internal Lawyers (working in any legal department of an organization or government)
- Legal Services Professionals
- Graduate Lawyers
- Junior Lawyers
- Law Students
- Law Researchers
- Law Drafters
- Legal Projects Managers
- Compliance officers
- Financial advisors
- Government Agencies
- HR Managers
- Corporate Administrators
- Strategy Managers
- Technology Strategy Leaders
- Digital Transformation Heads, Officers and Team Members
- Innovation Leaders and members of Innovations labs
- Project Managers and Associate Project Managers
- Legal Analysts
- Executives and senior managers
Training Style
The programme is designed to deliver theoretical knowledge mainly via a lecture supported by power-point presentations. At the end of the programme, participants will benefit from a Q&A session.
Knowledge Test
At the completion of the knowledge areas, participants will be assessed via the form of Multiple-Choice Questions which will consist of questions related to the material taught. The aim of the assessment is to examine participants’ overall attention and knowledge of material taught as well as their competencies towards the implementation of practical cases.
CPD Recognition
This programme may be approved for up to 14 CPD units in Blockchain and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
For the CySEC requirements, CPD units attained from this course should not exceed the 50% of the total CPD Units of each individual.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.