Prethodno priopćenje
https://doi.org/10.30925/zpfsr.42.2.4
BLOCKCHAIN TECHNOLOGY - TOWARDS A NEW REGULATORY FRAMEWORK FOR TOKENIZED SECURITIES
Edita Čulinović-Herc
orcid.org/0000-0002-6177-8057
; Sveučilište u Rijeci, Pravni fakultet, Rijeka, Hrvatska
Antonija Zubović
orcid.org/0000-0001-8238-3495
; Sveučilište u Rijeci, Pravni fakultet, Rijeka, Hrvatska
Morana Derenčinović Ruk
; Hrvatska agencija za nadzor fi nancijskih usluga (HANFA), Zagreb, Hrvatska
Sažetak
Blockchain technology, as a representative of distributed ledger technology is particularly suitable for storing and managing databases, including those relating to intangible securities, which are kept at the central depository of intangible securities. The paper fi rst presents components of legal regulation of intangible securities in Croatian law according to the Capital Market Act and its respective bye-laws.
The peculiarities of blockchain technology as well as regulatory challenges and approaches for tokenized securities are then elaborated. Following the analysis of legal characteristics of tokenised securities and their comparison with the notion of transferable securities as defi ned in EU capital market law, in conclusion authors propose a regulatory approach for tokenized securities in Croatian law.
Ključne riječi
blockchain; distributed ledger technology; intangible securities; Capital Markets Act; tokenized securities; EU law
Hrčak ID:
262836
URI
Datum izdavanja:
25.9.2021.
Posjeta: 2.356 *