ESMA Finalizes MiCA Reverse Solicitation Rules, Constraining Non-EU Access
Non-EU firms must reassess client acquisition and affiliate marketing strategies to maintain the narrow MiCA reverse solicitation exemption.
ESMA Clarifies MiCA Execution Services and Legacy Token White Paper Mandates
ESMA's new Q&As provide critical clarity on CASP service classification and establish a definitive compliance deadline for legacy token white papers.
France Authorizes Europe’s First Fully Tokenized Stock Exchange Infrastructure
New DLT Trading and Settlement System license enables a full-stack replacement of traditional IPO and clearing infrastructure, dramatically reducing capital friction for SMEs.
European Banking Authority Rejects Commission MiCA Stablecoin Liquidity Standard Amendments
Issuers of MiCA stablecoins must align prudential frameworks with EBA's stricter liquidity standards to mitigate systemic risk and regulatory arbitrage.
ESMA Proposes Centralized MiCA Oversight Due to Fragmented National Licensing
Decentralized MiCA authorization has created supervisory arbitrage, compelling ESMA to advocate for centralizing all CASP oversight to ensure single-market integrity.
EU Eyes Sanctions on Ruble Stablecoin, Expands Crypto Oversight
The European Union is moving to sanction a major ruble-backed stablecoin and centralize crypto regulation, signaling a tightening grip on digital assets.
Poland Advances Crypto-Asset Market Act, Mandating Strict Licensing and Penalties
Poland's new Crypto-Asset Market Act introduces stringent licensing and severe penalties for crypto service providers, necessitating immediate operational and compliance framework adjustments.
EU MiCA Regulation Fully Implemented, Establishing Comprehensive Digital Asset Framework
The EU's Markets in Crypto-Assets Regulation now fully applies, standardizing compliance for digital asset entities across the bloc.
EU MiCA Implementation Reveals Divergent National Crypto Asset Frameworks
MiCA's phased rollout introduces critical operational shifts for CASPs, demanding strategic adaptation to varied national compliance landscapes.
EU National Regulators Propose MiCA Adjustments to Harmonize Crypto Oversight
National regulators are seeking to refine MiCA implementation, addressing early inconsistencies to standardize crypto-asset service provider supervision and enhance market integrity.
Ethena GmbH Winds down German Operations Due to Regulatory Conflict
Ethena GmbH is ceasing its German operations and initiating a stablecoin redemption plan following a four-month regulatory dispute with BaFin over MiCA compliance.
EU Regulators Seek Stricter Crypto Oversight beyond MiCA Framework
National regulators challenge MiCA's passporting system, demanding enhanced EU-level supervision and cybersecurity standards to fortify market integrity.
EU Targets Crypto Platforms in New Russia Sanctions
The European Union is tightening financial sanctions, directly targeting crypto platforms to restrict Russian residents' access to digital assets.
EU Regulators Seek Stronger Crypto Market Framework
European authorities are pushing for enhanced crypto regulation, citing inconsistent MiCA application and the need for stricter oversight.
EU Nations Propose Stronger MiCA Oversight Amidst Inconsistent Implementation
Fragmented MiCA enforcement necessitates a harmonized EU approach, demanding robust cybersecurity and centralized oversight for market integrity.
EU Enacts Sweeping AML Regulation Banning Privacy Tokens
The EU's new AMLR mandates strict prohibitions on privacy-preserving tokens and anonymous accounts, compelling CASPs to overhaul compliance frameworks by 2027.
