This year our law practice is celebrating its 11th Birthday. We are beyond happy, after more than a decade in the business, to have reached the stage that allows us to give back and support the community we grew in. It’s our honor to have the opportunity to collaborate with YOU, our friends and partners. […]

The Financial Supervision Commission informs the participants of the financial markets that, as of 01.01.2023, a package of European regulations related to the implementation of the Green Deal will be applied, which introduce new obligations for the participants of the financial markets, as follows:

Is it possible to use Google Analytics without violating the GDPR?

The intention is to require CASPs to collect, and make accessible, certain information about
the originator and the beneficiary of crypto-asset transfers operated by them to ensure
traceability (known as the ‘travel rule’). CASPs will also be required to implement related
appropriate internal policies, procedures and controls. Ultimately, CASPs will become
obliged entities for AML/CFT purposes, in line with FATF’s recommendations (with FATF
also soon publishing an update focusing on the “travel rule”).

This means that in-scope crowdfunding service providers (CSPs) who were already carrying on in-scope crowdfunding services on 10 November 2021 can continue to provide those services on a transitional basis until 10 November 2023, provided that their authorisation application is submitted to their national competent authority (NCA) before 1 October 2022.