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Central Banks worldwide are testing digital currencies with the aim to follow the trends in digitization, exploiting the new technologies. The intent is to come closer to public demand for changes, which is a demand for faster, seamless and cheaper money flow, power over assets, etc. While the public is trying and pressuring, the governments are trying to keep the power over peoples’ money, especially after the announcement of the Facebook’s endeavors for creating a corporate cryptocurrency, called Libra Coin, a.k.a. the Facebook Money (you can read more about the Libra in our previous article).

In this article, we are…


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By Mina Krzisnik, fintech lawyer on ALTCOIN MAGAZINE

On 9 July 2018, an amendment to the Directive on the prevention of money laundering and terrorist financing (AML Directive) entered into force, which provides for greater transparency regarding actual business ownership and sets stricter requirements in relation to the prevention of money laundering and terrorist financing.


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By Mina Krzisnik, fintech lawyer on ALTCOIN MAGAZINE

The Money Laundered annually accounts for 2% — 5% of the global GDP, meaning that 1–2 trillion USD is laundered on a yearly basis (according to the Global Economic Crime and Fraud Survey 2018 — PwC).


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By Mina Krzisnik, fintech lawyer on ALTCOIN MAGAZINE

There is a total of 18,034,088 Bitcoins currently in circulation, out of 21,000,000 to ever be mined. There are 2,965,913 Bitcoins left to be mined. The Bitcoin inflation rate is 3,71 % per annum and after halving 1,80 % per annum.


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Since January 2018, the Payment Service Directive (PSD2) has had a significant impact on the practices of banks, payment processors, e-money institutions, but it also impacted crypto exchanges and crypto brokers. More so, if a crypto exchange desires to widen their business model and offer new payment solutions for their crypto offerings.

In this piece, we are going to see what is the PSD2, what are the changes and how those changes affect crypto exchanges.

What is PSD2?

The PSD2 is a regulatory change that follows the technological disruptions in the retail payments industry in recent years, especially in areas…


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By Mina Krzisnik, fintech lawyer on ALTCOIN MAGAZINE

Stable coins are those cryptocurrencies that tend to hold the key, which bridges the gap between cryptocurrency benefits and the stable features that the fiat currencies have to offer. They offer price stability of the fiat currencies but do not take a physical form (papers and coins), such as fiat money.


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By Mina Krzisnik, fintech lawyer on ALTCOIN MAGAZINE

It is vividly clear that central banks all around the world have a major role to play in the world’s economy and this role is actualized in the form of the monetary policies they implement.


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By Mina Krzisnik, fintech lawyer on ALTCOIN MAGAZINE

Security token offerings (STO) are cryptography tokens used by companies to raise capital from investors for a variety of reasons. By offering STOs to potential investors, these companies prove that they are committed to their business and are confident that these proposed businesses would deliver amazing returns.


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By Mina Krzisnik, fintech lawyer on ALTCOIN MAGAZINE

An Initial Exchange Offering, also commonly referred to as IEO, means that the fundraising will be conducted on a well-known cryptocurrency exchange platform where users can purchase issued tokens with funds available from their exchange wallet.


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By Mina Krzisnik, fintech lawyer on ALTCOIN MAGAZINE

If you are a cryptocurrency exchange or a provider of crypto custodian wallet, wondering if you need a license to operate in the EU, then you should continue reading this article. Up until now, crypto exchanges and custodians were not regulated on the European level.

Mina Krzisnik, fintech lawyer

Top technology lawyer, advising on technology-driven legal solutions and strategies in financial services, blockchains, AI, cloud computing. www.iuricorn.com

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