EU Regulation of the Crypto-Assets Market

Author:

Hrabčák Ladislav1ORCID,Štrkolec Miroslav1ORCID

Affiliation:

1. Pavol Jozef Šafárik University , Slovakia

Abstract

Abstract The present paper discusses the issue of regulation of the crypto-assets market. This area is still struggling with a lack of legislation, and there are only some initiatives to regulate the market. The aim of the article is to analyse the state of legal regulation of the crypto-assets market while simultaneously pointing out problematic issues with de lege ferenda proposals. For this purpose, we established two hypotheses: the crypto-assets market needs to be regulated by legal acts of a European nature (H1), and the adopted EU legal acts regulating the crypto-assets market are adequate and sufficient (H2). Several types of scientific papers, such as analysis, synthesis, and the historical method, were used in the preparation of this paper.

Publisher

University of Bialystok

Reference40 articles.

1. Act No. 455/1991 Coll., on Trade Business.

2. Act No. 566/2001 Coll., on Securities and Investment Services and on the Amendment of Certain Laws.

3. Act No. 297/2008 Coll., on Protection against the Legalization of Income from Criminal Activity and on Protection against the Financing of Terrorism and on the Amendment of Certain Laws

4. Babčák, V., Cakoci, K., & Štrkolec, M. (2017). Finančné právo na Slovensku. EPOS.

5. Bočánek, M. (2021). First draft of crypto-asset regulation (MICA) with the European Union and potential implementation. Financial Law Review, 22(2), 37–53.

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