In this paper, the FMLC explores the ways in which regulators and legislators have attempted to grapple with the many varieties of virtual currencies and in particular those which have arguably come to function as money for legal purposes. The definition of “virtual currencies” in the E.U.’s Fifth Money Laundering
Tag: Virtual Currencies
Report: Initial Coin Offerings: 30 July 2019
Initial Coin Offerings (“ICOs”) typically use Distributed Ledger Technology (“DLT”) to offer transferable units (“coins” or “digital tokens”) that confer various rights on the holder of record. ICOs can be […]
Letter to HM Treasury on 5MLD and Cryptoassets: 30 July 2019
Directive (EU) 2018/843 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (the “Fifth Anti-Money Laundering Directive” or “5MLD”) expands […]
Legal Aspects of Virtual Currencies: 6 October 2017
At the annual Goodacre Securities Industry Conference Dr Perkins presented on the difficulties inherent in determining the legal character of virtual currencies and uncertainties this creates with regards to their […]
Addendum: Virtual Currencies: 16 December 2016
In July 2016, the FMLC published a paper in which it expressed the view that the virtual currencies which have achieved status as a medium of exchange within a significant user […]
Journal Article: “The Legal Aspects of Virtual Currencies”: November 2016
An article co-written by FMLC CEO Joanna Perkins and FMLC Project Secretary Jennifer Enwezor on the legal uncertainties arising from the proliferation of virtual currencies was published in the November […]
Presentation on Virtual Currencies at the FLB in Tokyo: October 2016
Joanna Perkins travelled to Tokyo to meet with members of the Financial Law Board, the FMLC’s sister organisation in Japan. The presentation covers the FMLC’s outreach activities and research output […]
Quadrilateral Conference: 20 July 2016
The FMLC hosted the Quadrilateral conference in 2016 at the Bank of England. The conference is an annual meeting of the FMLC and its sister counterparts from the European […]
Report: Virtual Currencies: 18 July 2016
Following the increasing popularity of digital currencies such as Bitcoin, the FMLC was asked by stakeholders to explore legal uncertainties arising from their proliferation. In response, the FMLC established a […]