Regulation of crypto-assets - Comparative law United Arab Emirates / European Union

Welcoming participants : 9h

9h30-9h50 – Introductory Remarks
Philippe Richard, Executive Director, International Affairs, FSRA

What is at stake in the recognition of wholesale and retail Central Bank Digital Currency?

• 9h50-10h10 – The Digital Euro package of June 2023 (T. Bonneau, Professor, Panthéon-Assas University)
• 10h10-10h30 – The Digital Dirham (P. Kayrouz, pending confirmation / J. Hardman, Partner, Clifford Chance)

Discussion - Coffee break

What model for regulating crypto-assets/digital assets?

• Taxonomy of crypto-assets : legal qualifications and use cases
• 11h-11h20 – Product typology in MiCA Regulation (P. Pailler, Professor, Paris Cité University)
• 11h20-11h40 – Taxonomy of digital assets in the Emirates (E. O’Hanlon, Legal Counsel, FSRA / Nicholas Mc Nicholas, VARA’sSenior Director, Head of Regulatory Affairs and Enforcement, pending confirmation)
   
• What framework for stablecoins and asset referenced tokens?
• 11h40-12h – Stablecoin regulation in MiCA (H. de Vauplane, Partner, Morgan Lewis)
• 12h-12h20 – Stablecoin regulation in the Emirates (C. Nedir-Costard, Paxos International/ E. O’Hanlon, Legal Counsel, FSRA)

Discussion – Lunch break

Obligations of crypto-asset platforms, service providers and custodians
How should crypto-assets be stored? What can be done in the event of loss of the private key, bankruptcy of the custodian, etc.? What is the role of the supervisory authorities?

• 14h-14h20 – Regulation or absence of regulation : what is at stakes? (N. Martial-Braz, Professor, Chancelor Sorbonne University Abu Dhabi)
• 14h40-14h50 – Crypto-asset service providers framework in MiCA (C. Saudo, Legal Affairs Department, AMF France)
• 14h40-15h10 – Regulation of professionals in the Emirates (A. Abou Aad / A. Dougall, Morgan Lewis / B. Grolimund, GM, Rain)
• 15h10-15h30 – Towards a passport? (Ryan Lemand, pending confirmation)

Discussion – Coffee break

International context

• 16h-16h20 – Which law is applicable? An analysis of European Union law (M. Lehmann, Professor, University of Vienna)
• 16h20-16h40 – Compliance obligations : KYC, money laundering regulation
• 16h40-17h – Crypto-asset litigation, the role of arbitration ?