001461854 000__ 05988cam\a22006137a\4500 001461854 001__ 1461854 001461854 003__ OCoLC 001461854 005__ 20230503003414.0 001461854 006__ m\\\\\o\\d\\\\\\\\ 001461854 007__ cr\un\nnnunnun 001461854 008__ 230331s2023\\\\gw\\\\\\ob\\\\000\0\eng\d 001461854 019__ $$a1374427503 001461854 020__ $$a9783658404628$$q(electronic bk.) 001461854 020__ $$a3658404620$$q(electronic bk.) 001461854 020__ $$z3658404612 001461854 020__ $$z9783658404611 001461854 0247_ $$a10.1007/978-3-658-40462-8$$2doi 001461854 035__ $$aSP(OCoLC)1374242197 001461854 040__ $$aYDX$$beng$$cYDX$$dGW5XE$$dEBLCP$$dOCLCF 001461854 0411_ $$aeng$$hger 001461854 043__ $$ae-gx--- 001461854 049__ $$aISEA 001461854 050_4 $$aKK7090 001461854 08204 $$a346.4307$$223/eng/20230411 001461854 1001_ $$aAppel, Hannah. 001461854 24010 $$aQuick Guide Kryptowerte.$$lEnglish 001461854 24510 $$aQuick guide crypto assets:$$bhow to successfully classify with the framework of financial market law /$$cHannah Appel. 001461854 260__ $$aWiesbaden, Germany :$$bSpringer Gabler,$$c2023. 001461854 300__ $$a1 online resource 001461854 504__ $$aIncludes bibliographical references. 001461854 5050_ $$aIntro -- Preface -- References -- Contents -- Abbreviations -- 1: Basic Knowledge regarding Crypto Assets -- 1.1 Definition of Terms -- 1.2 Design of Crypto Tokens -- 1.2.1 Currency Tokens -- 1.2.2 Investment Tokens -- 1.2.3 Utility Tokens -- 1.2.4 Hybrid Forms -- 1.3 Technical Principles -- 1.3.1 Distributed Ledger Technology -- 1.3.2 Blockchain -- 1.4 Market Participants in Relation to Crypto Assets -- 1.4.1 Issuers -- 1.4.2 Service Providers -- 1.5 Opportunities and Risks -- 1.5.1 Opportunities -- 1.5.2 Risks -- References -- 2: Regulatory Classification of Crypto Assets 001461854 5058_ $$a2.1 Fundamentals of European Financial Market Supervision -- 2.2 Classification under Capital Market Law -- 2.2.1 Financial Instrument within the Meaning of the WpHG -- 2.2.2 Legal Consequences of Classification -- 2.3 Classification under Banking Supervisory Law -- 2.3.1 Financial Instrument within the Meaning of the KWG -- 2.3.2 Legal Consequences of Classification -- References -- 3: Developments at the National and EU Level -- 3.1 The Liechtenstein Token and Trusted Technology Service Provider Act -- 3.1.1 Legislative Background -- 3.1.2 Structure and Content 001461854 5058_ $$a3.2 The EU Proposal for a Regulation on Markets in Crypto-assets -- 3.2.1 Legislative Background -- 3.2.2 Structure and Content -- References -- 4: Comparison and Critical Appraisal of the Regulatory Approaches -- 4.1 Scope of Application -- 4.1.1 Utility Tokens -- 4.1.2 Investment Tokens -- 4.1.3 Tokenisation of Other Rights -- 4.2 Regulatory Methodology -- 4.3 Technology Neutrality -- 4.4 Chosen Regulatory Instruments -- 4.4.1 Standardised Information Document -- 4.4.2 Authorisation Procedure -- 4.4.3 Public Register -- 4.5 Neglected Aspects 001461854 5058_ $$a4.5.1 Endogenous Manipulation of the Network -- 4.5.2 Anonymity of Network Participants -- 4.5.3 Sustainability -- References -- 5: Conclusion 001461854 506__ $$aAccess limited to authorized users. 001461854 520__ $$aIn this book, the complex topic of crypto securities is presented in a compact, understandable and practical manner. In addition to conveying the fundamentals and technical background of the crypto market, a classification in the various areas of regulatory law is made. The focus is on German law, although reference is also made to the European equivalence standards. In order to succeed in a correct classification into European financial market law, both the Liechtenstein law on tokens and VT service providers and the European proposal for a regulation on markets for crypto assets are discussed in detail and compared with the German regulatory provisions on crypto assets. The goal, in addition to creating a basic understanding of how crypto assets work, is to construct a comprehensive overall picture of their regulatory treatment in Germany and to include possible implications of a European push. The work thus provides guidance for individuals who, for example, want to invest in crypto assets or start a business related to crypto assets. The Contents: - Basic knowledge of crypto assets - Regulatory classification of crypto assets - Developments on national and European level (TVTG, MiCAR) - Comparison and critical appraisal of regulatory approaches. The Author: Hannah Appel is a staff member of the Research Lab for Law and applied Technologies at Frankfurt University of Applied Sciences and an associate at a leading international commercial law firm. Already during her studies of business law, she intensively dealt with digitalization topics as well as European and financial market law. This book is a translation of an original German edition. The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventional translation. . 001461854 588__ $$aOnline resource; title from PDF title page (SpringerLink, viewed April 11, 2023). 001461854 650_0 $$aCryptocurrencies$$xLaw and legislation$$zGermany. 001461854 655_0 $$aElectronic books. 001461854 77608 $$iPrint version: $$z3658404612$$z9783658404611$$w(OCoLC)1356455179 001461854 852__ $$bebk 001461854 85640 $$3Springer Nature$$uhttps://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-3-658-40462-8$$zOnline Access$$91397441.1 001461854 909CO $$ooai:library.usi.edu:1461854$$pGLOBAL_SET 001461854 980__ $$aBIB 001461854 980__ $$aEBOOK 001461854 982__ $$aEbook 001461854 983__ $$aOnline 001461854 994__ $$a92$$bISE