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MICA CASP authorisations: ESMA recommendations in peer review report

On 10 July 2025, the European Securities and Markets Authority (“ESMA”) published an executive summary of a peer review report regarding the authorisation and supervision of a crypto-asset service provider by the Malta...more

ESMA publishes “Do’s and Don't’s” for CASPs offering unregulated services

On 11 July 2025, the European Securities and Markets Authority (“ESMA”) published guidance for crypto-asset service providers (“CASPs”) offering both regulated (under the EU's Markets in Crypto-assets Regulation (“MiCA”)) and...more

MiCA and PSD2: EBA issues No Action letter on dual authorisation

The EBA has set out its opinion on the interplay between MiCA and PSD2 in relation to crypto-asset service providers (CASPs) that transact with electronic money tokens (i.e. a category of stablecoins under MiCA). The EBA...more

The EUs Markets in Crypto-Assets MiCA Regulation a status update

The Markets in Crypto-Assets Regulation (Regulation (EU) 2023/1114) (henceforth “MiCA”), which entered into force in June 2023, seeks to establish a comprehensive regulatory framework for crypto-assets across the EU. However,...more

Implementation of the Markets in Crypto-assets Regulation (MiCAR): A Jurisdictional Comparison

With the Markets in Crypto-Assets Regulation (MiCAR) (Regulation (EU) 2023/1114) becoming fully applicable by the end of this year, crypto-asset service providers seeking to offer their services across the EU need to consider...more

EU: ESMA consults on ‘reverse solicitation’ and classification of cryptoassets under MiCA

On 29 January 2024, the European Securities and Markets Authority (“ESMA”) published two Consultation Papers seeking comments on draft guidelines under the Markets in Crypto Assets Regulation—one on the “reverse solicitation...more

ESMA encourages smooth implementation of EU MiCA, and warns of “forum-shopping” risk

On 17 October 2023, the European Securities and Markets Authority (ESMA) published a statement addressed to cryptoasset providers and the National Competent Authorities (NCAs) that will be responsible for their supervision,...more

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