Staking represents an innovative and fast-growing use case in the crypto-asset sector, bringing a new dimension to blockchain operations. As a native transaction validation mechanism, staking raises major regulatory issues, particularly in the context of the development of French and European regulation of crypto-asset markets.

In this context, the LBCA Association has published a report entitled “Staking crypto-assets: legal qualifications and regulatory regimes”. The report is the fruit of LBCA’s “Staking” working group, comprising Arnaud Grünthaler (Forvis Mazars), Stéphanie Cabossioras (Société Générale-FORGE), Emilien Bernard-Alzias (Simmons & Simmons LLP), Hugo Bordet (Kramer Levin), and Annabelle Bernal (Société Générale-FORGE).

The report aims to offer an in-depth analysis of the legal and regulatory challenges associated with staking, taking into account the particularities of different blockchain networks such as Ethereum, Avalanche and Tezos. The conclusions presented in this report are intended to support the ongoing reflections on this topic and provide a clearer understanding of the regulatory implications of staking activities and the need to take into account the particularities of each network.

The full report is available for download in PDF format below.