Today's podcast is about Thomas Naegele's assessment of EU law, and Liechtenstein law in particular, with respect to security tokens and their (in)ability to be traded on regulated trading venues. Warning: my pdf of the post clocks in at 67 pages plus 40 pages of references.

1. https://medium.com/@thomas.naegele/secondary-market-for-security-tokens-the-need-for-a-new-regulatory-approach-at-the-european-e922e4ca04