Blockchain Ireland is delighted to announce availability of a major paper from its Legal and Regulatory Working group on Crypto Assets.
The first such paper from the group, it will be followed shortly by another paper on smart legal contracts.
The paper aims to provide an overview of the treatment of digital/virtual/crypto-assets in Ireland . Crypto-assets are broader than just cryptocurrencies, being “a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology” — the definition used in the Markets in Crypto-Assets Regulation (MiCAR).
This will include various different types of instruments, tokens, and other novel products, that seek to use distributed ledger technology, or similar novel digital and technological approaches, to represent, store and transfer value, creating new and additional questions around their legal and regulatory treatment.
The Legal & Regulatory working group is one of a number of Blockchain Ireland industry and sector focused working groups, claiming to be the largest and longest standing.’ It contains a great mix of lawyers, both in-house & private practice, as well as regulatory professionals, both in-house and consultants. Its members are from the large law firms and specialist FinTech firms, from the big consulting houses and niche houses, from the highstreet banks and neo-banks, from the large crypto exchanges and small Web3 start-ups, from academia and public bodies. All members share a common interest in learning and pooling knowledge.
Chair of the working group, Pearse Ryan thanked the authors and all contributors to the paper, “the sub-group members and especially to Chris [Martin] and Deborah [Hutton] for their tireless attention to report writing.”
The paper is available to download here: Blockchain Ireland Paper: Crypto-Assets
