Blockchain and Crypto-Assets 2026

SWEDEN

Finland

Sweden

Norway

Law and Practice Contributed by: Niclas Rockborn, Rikard Sundstedt and Robin Entenza Gernandt & Danielsson

Stockholm

Russia

Latvia

Denmark

Contents 1. Overview of Blockchain and Crypto-Assets p.611 1.1 Blockchain p.611 1.2 Crypto-Assets p.614 2. Regulation p.617 2.1 Regulators and International Alignment p.617 2.2 Crypto-Asset Regulatory Frameworks p.617 2.3 Regulated Firms and Legal Wrappers p.618 2.4 Token Issuance p.619 2.5 Market Abuse p.619 2.6 Non-Compliance p.620 3. Licensing and Set-Up Requirements p.620

3.1 Licensing Requirements p.620 3.2 Set-Up Requirements p.621 3.3 Change of Control p.621 3.4 Passporting p.622 4. Cross-Border Services p.622 4.1 Marketing p.622 4.2 White Labelling p.622 5. Decentralised Finance p.623 5.1 Ability to Use DeFi p.623 5.2 DeFi Structures p.623 5.3 Liability p.623 6. Payments and Stablecoins p.623

6.1 Payments p.623 6.2 Stablecoins p.624 7. Tokenisation and Real-World Assets p.625 7.1 Treatment p.625

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