On June 24 – June 26, 2021 KIELTYKA GLADKOWSKI KG LEGAL is taking part in the Global DeFi Summit devoted to decentralized finance and the future of financial markets.
Produced by Blockchain Venture Studio Draper Goren Holm, the Global DeFi Summit is 2021’s leading annual gathering of DeFiers in the blockchain and cryptocurrency community.
The event is gathering an unparalleled group of DeFi innovators and change-makers to share their stories about how they are defining the next era of global finance.
Some of the topics discussed will be: the current state of DeFi; the rise of Dubai as the global hub of DeFi; the evolving landscape of venture capital in decentralized finance; how DeFi micro-loans will empower 3rd world countries; the current state of DeFi on Tezos Blockchain.
KIELTYKA GLADKOWSKI KG LEGAL has extensive experience in advising within the sector of decentralised finance, smart contracts, blockchains, DApps, flash loans, and all aspects of transactions.
On June 22-23 2021, Małgorzata Kiełtyka and Jakub Gładkowski from KG LEGAL Kiełtyka are taking part in an event “FINCRIME WORLD FORUM 2021” dedicated to the Financial crime phenomenon. This event is organised by GRC World Forum. Financial Crime is a complex, multi-faceted and ever evolving global issue which has become increasingly sophisticated in nature. All around the world countries are facing rising economic and social costs due to human trafficking, money laundering, terrorist financing, corruption, drug smuggling, tax evasion, and other illegal activities which ultimately threaten our prosperity and collective security. As the financial crime landscape evolves, the growing threat to firms and their customers is undeniable. FinCrime World Forum brings together a globally engaged audience to discuss, challenge debate and address how we can make the world a safer place. FinCrime World Forum will foster engaging and informative conversation on the following topics:
Official announcements from financial market regulators in individual European Union countries confirm the legality of individual challenger and mobile banks as electronic money institutions. One example is Revolut Ltd based in the UK, whose legal status in Europe before BREXIT is that of an electronic money institution established in the UK. Prior to Brexit, receipt of a UK licence granted by the relevant regulator, the Financial Conduct Authority, authorised Revolut to engage in the business of issuing electronic money and providing payment services, including maintaining payment accounts and executing payment transactions. Under the EU freedom to provide services and on the basis of the so-called “single European passport”, challenger and mobile banks such as Revolut Ltd are entitled to operate on the territory of other EU member states, including Poland (according to the notification received by the Polish Financial Supervision Authority from the Financial Conduct Authority on 06 June 2016).
However, the legality of operations is not related to the possibility of proper control and protection of end users using the services of challenger and mobile banks. In view of the above, for example, the Polish Financial Supervision Authority does not have the legal and operational capabilities to identify potential improper practices or actions of such entities at an early enough stage to prevent infringements of the interests of their Polish customers.
Regardless of doubts whether the use of challenger and mobile banks is supervised and safe for customers, the legality of such cryptocurrency services is becoming an everyday reality.
On 10 June 2021 KIELTYKA GLADKOWSKI will participate in the training “Digital transformation of the law firm” organised by The New Technologies Committee of the Polish Bar. The training will discuss new technologies used in legal services, technologies as a factor in changing the model of legal services, the application of artificial intelligence in legal tech as well as practical implementation of technologies in law firms.
KIELTYKA GLADKOWSKI has broad experience in legal tech sector, including technologies in document analysis, data set analysis, AI in analyses of case law and legal doctrine, Document Creation Automation, Process Automation, Data Security and Risk Analysis, cybersecurity, compliance, data, document and collaboration platforms, Online Dispute Resolution, Smart contracts, custom legal tech tool development, debt collection and document management.
Blockchain is a cryptographically secured, decentralized register of certain events on the basis of which a database is built, and each subsequent event affects its state. Blockchain technology provides the ability to authenticate documents sent physically. The use of multi-level authentication and signing of documents using Blockchain network is an innovative solution that opens new opportunities for secure and integral exchange of documents between different entities while ensuring their authenticity and invariability. The unquestionable advantage of using this solution is its decentralized character, allowing to omit the institution issuing the document and any other third parties, moreover:
– enables certainty of trading in electronic documents;
– facilitates auditing the institution (even remotely);
– prevents forgery of documents;
– makes it possible to track all modifications of a document over time; and
– ensures undeniable identification of the person/institution making each modification.
