Nikos Askotiris

A brief overview of the Markets in Crypto-Assets Regulation – why the fuss?

The long-awaited piece of the Digital Finance Strategy legislation puzzle, the Markets in Crypto-Assets Regulation 2023/1114 (MiCAR), has at last been published into the EU Official Journal, establishing a specific regulatory framework for specific crypto-assets: asset-referenced tokens, e-money tokens and other Crypto-Assets, not already regulated by other EU legislative acts on financial services. READ FULL ARTICLE

SVB Bank Collapse and Credit Suisse crisis

Τhe regional banking crisis in the United States has dominated the headlines. Although most EU banks did not have a meaningful exposure to Silicon Valley Bank (SVB), the prospect of a collapsing Credit Suisse (CS), caused turbulence in the Banking sector’s market prices. What caused these recent crises in the US and in Switzerland? What are the lessons learned from them? READ FULL ARTICLE

Smart contracts introduced into the Greek legislation

In 2022 the term “smart contracts” was introduced into the Greek legal system, when law 4961/2022 expressly recognized transactions made through this novel digital tool, while making use of the blockchain technology. Therefore, we briefly explain the legal characteristics of smart contracts and their integration within the Greek contract law and civil procedure law. READ FULL ARTICLE