2. Content
Regulatory challenges from a cross-border perspective
International best practices
Outlook
Tax | Funds | Transactions 2Private & Confidential
3. Private & Confidential Tax | Funds | Transactions 3
Regulatory Challenges
No consistent international legal framework
Lack of (regulated) intermediaries
4. Private & Confidential Tax | Funds | Transactions 4
International Deal Practice
(Attempted) jurisdictional arbitrage
Attempted creation of legal structures to avoid the hassle of fully
registered security offerings
Excluding certain types of investors
Increasing international regulatory activity
5. Private & Confidential Tax | Funds | Transactions 5
Outlook
Policy debate on token sales will continue
(Further) competition between jurisdictions for Blockchain
startups
Emergence of regulated infrastructure
6. Private & Confidential Tax | Funds | Transactions 6
Takeaways
Continuing legal uncertainty
Increasing regulatory & legislative activity in an increasingly
competitive environment
Regulated (trading) infrastructure as evolutionary step of a
maturing ecosystem