ITALY
Switzerland
Slovenia
Croatia
France
Bosnia
Italy
Rome
Albania
Law and Practice Contributed by: Francesco Paolo Patti and Marta Vittoria Colombo Studio Patti
Contents 1. Overview of Blockchain and Crypto-Assets p.335 1.1 Blockchain p.335 1.2 Crypto-Assets p.339 2. Regulation p.342 2.1 Regulators and International Alignment p.342 2.2 Crypto-Asset Regulatory Frameworks p.342 2.3 Regulated Firms and Legal Wrappers p.344 2.4 Token Issuance p.344 2.5 Market Abuse p.344 2.6 Non-Compliance p.345 3. Licensing and Set-Up Requirements p.346
3.1 Licensing Requirements p.346 3.2 Set-Up Requirements p.346 3.3 Change of Control p.346 3.4 Passporting p.347 4. Cross-Border Services p.347 4.1 Marketing p.347 4.2 White Labelling p.348 5. Decentralised Finance p.348 5.1 Ability to Use DeFi p.348 5.2 DeFi Structures p.348 5.3 Liability p.349 6. Payments and Stablecoins p.349
6.1 Payments p.349 6.2 Stablecoins p.349 7. Tokenisation and Real-World Assets p.350 7.1 Treatment p.350
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