Europe Vs The U.S. Who wins the coming wave of Security Token Offerings?
While the SEC drags its feet, the EU is embracing blockchain and the emerging Security Token Offering model. Monique Bachner, a Luxembourg based company law and securities expert discusses the different regulatory approaches of the EU and the U.S.
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Guest: Monique Bachner
While the SEC drags its feet, the EU is embracing blockchain and the emerging Security Token Offering model. Monique Bachner, a Luxembourg based company law and corporate governance expert discusses the different regulatory approaches of the EU and the U.S.
Key Takeaway:
Blockchain friendly EU directives encourage a positive regulatory framework for the coming wave of Security Token Offerings.
Why you should listen:
Learn why Brexit is driving Luxembourg’s growth as a hub for blockchain, tech and AI. Plus, while tokenization will soon make it possible to trade a digital sword for a fraction of a Ferrari, it doesn’t mean you should.
Monique Bachner is a member of thinkBLOCKtank, a Luxembourg based non-profit organization of blockchain and distributed ledger technology experts. The goal of the association is to provide policy recommendations at an EU and worldwide level to encourage a regulated and prosperous ecosystem.
“It was a reaction to the fact that when you talk crypto and blockchain and regulation and securities laws, all you hear is howey test, howey test, howey test. Well, you know what, there’s a whole world out there and not everybody applies US law or is subject to the SEC,” said Monique Bachner on the Crypto Conversation.
Bachner says she would definitely differentiate between what is happening in Europe, and what is happening in the US.
“We don’t have the same types of regulators. We don’t have the same types of split between different agencies and even between the states in the U.S. Yes, we have the national authorities, and then the EU authorities, but for many areas 95% of the rules are the same because they’re based on EU directives. I would say there’s more harmonization despite the fact that it is a bunch of different countries.”
To hear more about Luxembourg’s thriving Fintech scene and why Monique isn’t convinced by Andy’s vision of a tokenized world where one can trade a tokenized Ferrari for a digital sword, listen to this episode of the Crypto Conversation.
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