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Legal opinion and regulatory classification for Germany and European Union (Step 1)

Discussion in 'Budget Proposal Discussions' started by essra, May 22, 2020 at 6:00 PM.

  1. essra

    essra Member

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    Dash is still classified as “privacy/anonymity-enhancing” by the European parliament according to a study from April 2020 which could be a threat in the future because the parliament is working on a new regulatory framework for crypto assets, which will result in applicable law expected for autumn 2020.

    This new framework could threaten numerous already existing integrations: exchanges, payment companies, shops, ATMs and many more. It would also severely hinder the future growth of Dash in the EU member countries.

    We have therefore created a new proposal to deal with this challenge by getting a legal opinion on Dash from a German law firm and approaching the BaFin (German regulator) to receive a regulatory classification.

    You can find the proposal on Dashcentral: https://www.dashcentral.org/p/Dash_Embassy_Legal_Q2_2020

    And DashNexus: https://app.dashnexus.org/proposals/dash_embassy_legal_q2_2020/overview