Innovative Legal & Business Services

Significant amendments to the Bulgarian Anti-money Laundering Act have been recently promulgated. The changes broaden the specter of obliged persons that must follow the legal requirements for tackling money laundering and financing of terrorism. Among the new obliged persons are some providers of cryptocurrency-related services, in particular: ...

Crypto currencies - a technical experiment for enthusiasts since the beginning has gradually became an exchange tool used by more than 5.8 million people with a total market capitalization over $100 billion. At the moment crypto markets show the first signs of bottom formation. Bitcoin’s (BTC) dominance, the leading crypto currency, on which ...

DLT (Distributed Ledger Technology) significantly contributes to modernize transactions and financial records keeping. Intermediaries as banks or authorities are no longer needed. The Distributed Ledger Technology Regulatory Framework (DLT framework) of the Gibraltar Financial Services Commission publicly available from January 1, 2018, is a de...

Recently the Swiss Financial Market Supervisory Authority (FINMA) receives a huge number of enquiries from organisers of Initial Coin Offerings (ICOs) regarding the launch of their ICOs in Switzerland and more particularly regarding the applicability of the financial market regulation and the existence of licensing requirements. In its first Guidan...