Bhavesh Panchal
Bhavesh Panchal is an associate in the London office of Paul Hastings. Bhavesh focuses his practice on providing financial services and regulatory advice on UK and E.U. matters.
Bhavesh has extensive experience in advising clients on various regulatory regimes, with particular expertise in regulatory authorisation applications, product design, regulatory compliance, regulatory capital requirements, cross-border offerings and large-scale transactions. He has advised firms across numerous industries, including banks, private credit institutions, fintech companies and cryptoasset businesses. He has also been seconded to a commodities broker-dealer and a large consultancy firm, as well as practiced as an overseas solicitor in Australia.
Practice Area
Panel
- Contributing Author
Experience
- CMS Cameron McKenna Nabaro Olswang (2021 - 2022)
- PwC (2020 - 2021)
- KPMG LLP (2014 - 2020)
Qualifications
- LPC (MA with business) (2014)
- GDL (2013)
- Philosophy BA (hons) (2012)
Education
- BPP (2014)
- University of Law (2013)
- University of Nottingham (2012)
1 Contributions by Bhavesh Panchal
PRACTICE NOTES
Cryptoassets: consumer risks and regulatory protections across the UK and EU, including MiCA, financial promotions, custody segregation, disclosures and complaints
Scope of this Practice Note
This Practice Note outlines the principal risks to consumers from different categories of cryptoassets and related offerings, including staking, together with the consumer protection tools currently available and/or under consideration.
What are cryptoassets?
Understanding unconventional forms of money and assets is hampered by inconsistent terminology. Regulators, tax authorities and commentators alternately reference digital currencies, virtual currencies, cryptocurrencies, cryptoassets and crypto tokens, without always indicating whether these labels are used interchangeably or with precise distinctions. For definitions, see Practice Note: Web 3.0, digital assets and cryptoassets—essentials. Unless stated otherwise, this Practice Note adopts ‘cryptoassets’ as defined in section 417(1) of the Financial Services and Markets Act 2000 (as amended from time to time).
Under section 417, a cryptoasset means any cryptographically secured digital representation of value or contractual rights that:
can be transferred, stored or traded electronically; and
uses technology that supports the recording or storage of data (which may include distributed ledger technology).
...
Financial Services
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