Luxembourg is closely monitoring emerging trends and topics related to Virtual Assets and blockchain with a view to creating a favourable environment for such innovations. Non-fungible tokens and decentralised finance are hot topics. Security tokens are also gaining momentum, with major players willing to launch their first pilot projects, particularly if they can rely on native tokens (ie, dematerialised securities issued directly on the blockchain).
As it stands, the Luxembourg legal and regulatory framework does not govern Virtual Assets as such but rather those that provide services as a business in relation thereto. Read the chapter written by our Virtual Assets team in Lexology Getting the Deal Through – Cryptoassets & blockchain to learn more about the key features as well as legal and regulatory requirements underpinning the Luxembourg regime.
Chapters
- General Legal & Regulatory Framework
- Cryptoassets for investment and Financing
- Cryptoasset Trading
- Cryptoassets used for payments
- Cryptocurrency Mining
- Blockchain and other distributed ledger technologies
- Update and Trends
