Author

• Klaus Peter Follak

Independent International Counsel and Consultant

Abstract

The rapid development of the crypto ecosystem has posed new challenges and opportunities in the international financial markets. This study addresses some international issues regarding the crypto-assets market, in particular, if a Crypto Asset be classified as property, the legal status of the Distributed Ledger/Blockchain, and the legal formalities of the transfer of Crypto Assets. The investigation concludes that explicit legislation on crypto-assets in both private and public regulatory law would have a cutting edge in the competition of financial centers in a future where tokenization might revolutionize the financial markets.

Keywords

• Crypto-Assets
• Tokenization
• Distributed Ledge
• Blockchain
• EU and International
• Financial Regulations