Created in 1989, the FATF establishes international recommendations to combat money laundering and terrorist financing. In 2019, the “travel rule” includes the VASPs in the recommendations. From FATF to the Travel Rule Creation and ambitions of the FATF The FATF (Financial Action Task Force) is an international grouping whose aim is to fight against Money […]
Raising funds for your company through the sale of financial securities requires a great deal of compliance effort. In Europe, ESMA is the body that regulates the financial markets, notably through the Prospectus Directive. Focus on some of its specificities. What is the Prospectus Directive? ESMA first published the Prospectus Directive in 2003. ESMA stands […]
In France, digital asset service providers have been defined thanks to the PACTE law. Designed to protect the investor and fight against money laundering, some services require prior registration with the AMF. What are digital assets and PSANs? As we have seen in a previous article on the “Minibons” ordinance of 2016 and the regulations […]
The International Token Standardization Association aims to bring more clarity to the definition and classification of cryptographic tokens. Some members, such as Talium, may participate in working groups to contribute to this very important work. What is ITSA? ITSA is an acronym for International Token Standardization Association. As its name suggests, it is an association […]
Tokenization allows you to register equities (among other things) on a blockchain type distributed ledger. In order to be usable from end to end digitally, a token must have several characteristics. Tokenization explained We can summarize assets tokenization in one simple sentence: it is the digitalization of a right (political, financial, property), on a shared […]
In France, the DEEP (Dispositif Électronique d’Enregistrement Partagé: electronic shared registration system in English) enables joint-stock companies to record their share movements in a decentralized register (e.g. blockchain). This simplifies the process and saves the intermediation costs related to account keeping/custody. Let’s define the electronic shared registration system and securities movements The world of fintech […]
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