Legislative Framework

Since we plan to launch the BNT Ecosystem project in Slovakia, we comply with the legislative framework of the European Union and the national legislation of Slovakia.

To launch the BNT Ecosystem, BNT group s.r.o. was founded.

Considering the business models and technologies that are the essence of the BNT Ecosystem, we have studied the following regulatory documents: (https://www.nbs.sk/en/financial-market-supervision1/fintech/)

  • BIS Digital Currencies (11/2015)
  • BIS Central Bank Digital Currencies (12/03/2018)              
  • BIS Designing a Prudential Treatment for Crypto-Assets (12/12/2019)
  • BIS Policy Responses to Fintech: a Cross-Country Overview (30/01/2020)              
  • COM Digital Finance Strategy for the EU (24/09/2020)  
  • EBA Opinion on Virtual Currencies (04/07/2014)
  • EBA Opinion of the European Banking Authority on Lending-Based Crowdfunding (26/02/2015)
  • EBA Joint Committee Discussion Paper on the Use of Big Data by Financial Institutions (2016) 
  • EBA Discussion Paper on Innovative Uses of Consumer Data by Financial Institutions (04/05/2016)
  • EBA Report on Innovative Uses of Data 2017 (28/06/2017)
  • EBA Opinion on the EU Commission’s Proposal to Bring Virtual Currencies into the Scope of Directive (EU) 2015/849 (4AMLD) (11/08/2016) 
  • EBA Report on the Prudential Risks and Opportunities Arising for Institutions from Fintech (03/07/2018)
  • EBA Publishes Report on Regulatory Perimeter, Regulatory Status, and Authorisation Approaches in Relation to FinTech Activities (18/07/2019)
  • EBA Final Report on Big Data and Advanced Analytics (13/01/2020)
  • EC: FinTech Action Plan: for a More competitive and Innovative European Financial Sector (08/03/2018)
  • EC: Shaping Europe's Digital Future: Commission Presents Strategies for Data and Artificial Intelligence (19/02/2020)
  • EC: CONSULTATION DOCUMENT On an EU Framework for Markets in Crypto-Assets (19/03/2020)
  • ECB: Virtual or virtueless? The Evolution of Money in the Digital Age - Lecture by Yves Mersch, Member of the Executive Board of the ECB, Official Monetary and Financial Institutions Forum, London, 8 February 2018 (08/02/2018)  
  • ECB Crypto-Assets: Implications for Financial Stability, Monetary Policy, and Payments and Market Infrastructures (05/2019)               
  • ECB Report on a Digital Euro (02/10/2020)
  • ESAs JC Report on Automation in Financial Advice (16/12/2016)
  • ESAs JC Warning on Virtual Currencies (12/02/2018)     
  • ESAs JC Report on Big Data (15/03/2018)
  • ESMA Opinion Investment-Based Crowdfunding (18/12/2014)
  • ESMA Discussion Paper - the Distributed Ledger Technology Applied to Securities Markets (02/06/2016)
  • ESMA Report - the Distributed Ledger Technology Applied to Securities Markets (07/02/2017)
  • ESMA Highlights ICO Risks for Investors and Firms (13/11/2017)
  • ESMA Guidelines on Certain Aspects of the MiFID II Suitability Requirements (06/11/2018)
  • Securities and Markets Stakeholder Group Advice to ESMA Own Initiative Report on Initial Coin Offerings and Crypto-Assets (19/10/2018)
  • ESMA Advice - Initial Coin Offerings and Crypto-Assets (09/01/2019)
  • ESMA Report - Licensing of FinTech Business Models (12/7/2019)
  • FATF Guidance for a Risk-Based Approach to Virtual Currencies (06/2015)         
  • FATF G20 Commitment to Implement FATF Standards and Support for Work on Crypto Assets (24/07/2018)      
  • FATF Public Statement – Mitigating Risks from Virtual Assets (22/02/2019)
  • FATF Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers (21/06/2019)
  • FATF Report to G20 on So-called Stablecoins (07/07/2020)
  • FATF 12 Month Review of Revised FATF Standards - Virtual Assets and VASPs (07/07/2020)                  
  • FSB Financial Stability Implications from FinTech Supervisory and Regulatory Issues that Merit Authorities’ Attention (27/06/2017)    
  • FSB Artificial Intelligence and Machine Learning in Financial Services. Market Developments and Financial Stability Implications (01/11/2017)
  • FSB Crypto-Assets Report to the G20 on Work by the FSB and Standard-Setting bodies (16/07/2018)
  • FSB Crypto-Asset Markets Potential Channels for Future Financial Stability Implications (10/10/2018)
  • FSB FinTech and Market Structure in Financial Services: Market Developments and Potential Financial Stability Implications (14/02/2019)
  • FSB Crypto-Assets Regulators Directory (05/04/2019)
  • FSB Crypto-Assets Work Underway, Regulatory Approaches and Potential Gaps (31/05/2019)
  • FSB Decentralised Financial Technologies Report on Financial Stability, Regulatory and Governance Implications (06/06/2019)
  • FSB Regulatory Issues of Stablecoins; IOSCO-Regulators' Statements on Initial Coin Offerings (18/10/2019)
  • FSB Addressing the Regulatory, Supervisory and Oversight Challenges Raised by Global Stablecoin Arrangements Consultative Document (14/04/2020)
  • IOSCO Statement on Addressing Regulation of Crowdfunding (21/12/2015)     
  • IOSCO Crowdfunding 2015 Survey Responses Report (21/12/2015)       
  • IOSCO Update to the Report on the IOSCO Automated Advice Tools Survey Final Report (21/12/2016)
  • IOSCO Research Report on Financial Technologies (Fintech) (08/12/2017)         
  • IOSCO Issues, Risks and Regulatory Considerations Relating to Crypto-Asset Trading Platforms, Report of the Board of IOSCO (28/05/2019)      
  • IOSCO Issues, Risks and Regulatory Considerations Relating to Crypto-Asset Trading Platforms (12/02/2020)  
  • IOSCO Global Stablecoin Initiatives (23/03/2020)
  • IOSCO CR022020 The Use of Artificial Intelligence and Machine Learning by Market Intermediaries and Asset Managers (25/06/2020)    
  • G7 Working Group on Stablecoins Investigating the Impact of Global Stablecoins (10/2019)       
  • OECD Initial Coin Offerings (ICOs) for SME Financing (14/01/2019)         
  • OECD Principles on Artificial Intelligence (22/05/2019)
  • OECD The Tokenisation of Assets and Potential Implications for Financial Markets (17/01/2020)            
  • WBG Distributed Ledger Technology (DLT) and Blockchain (19/12/2017)