Regulatory reporting for crypto-asset service providers (CASPs), asset-referenced token issuers, e-money token issuers, and other firms in scope of MiCAR. This section covers the MiCAR reporting obligations for CASPs – including significant ART/EMT issuer thresholds and ongoing supervisory data – alongside EBA statements on ART and EMT supervision and FATF analysis of stablecoins, unhosted wallets, and the related AML/CFT implications. Articles are aimed at CASPs preparing for MiCAR authorisation and ongoing reporting, plus banking and payment teams that need to assess client and counterparty exposures to digital assets. Start with the MiCAR reporting obligations guide for the implementation fundamentals.
On 8 July 2026 the European Securities and Markets Authority launched a Common Supervisory Action on crypto-asset service providers, aimed squarely at one activity: custody. The exercise assesses the maturity of CASP digital operational resilience frameworks for custody services, and national competent authorities will run it on a risk-based sample of authorised CASPs from the…
Last updated: July 2026 A firm running a UK crypto exchange or custody desk has, until now, operated on a Money Laundering Regulations registration, a light-touch anti-money-laundering permission and little else. On 30 June 2026 that arrangement stopped being enough. The FCA published the final rulebook for the FCA cryptoasset regime, and the rulebook treats…
Last updated: June 2026 MiCA defines maximum thresholds for administrative fines under Article 131, with ceilings dependent on issuer type. Until late June 2026, there was no published account of how the EBA would land on a figure inside that ceiling. The EBA has published a consultation on its approach to applying the MiCA fining…
Last updated: June 2026 MiCA CASP wind-down becomes the immediate operating question where a crypto-asset service provider reaches the end of its applicable transitional period, and in all cases 1 July 2026, without a MiCA authorisation. The provider cannot keep trading. It cannot onboard. In most cases it cannot even continue holding client crypto-assets except…
Last updated: June 2026 Get the timing of the UK stablecoin perimeter wrong and you build the wrong thing. A firm that designs its reserve model around a 60% gilt ceiling, or around per-coin holding caps it has to police at the wallet level, is building to a draft the BoE systemic stablecoin rules have…
Last updated: June 2026 Put a financial product on a blockchain and the hardest question is which rulebook the token sits under, not how the token works. Get the MiCAR perimeter wrong and a reporting team builds the wrong control set around the wrong instrument: white-paper notifications and crypto-asset service provider records where a prospectus,…
Last updated: June 2026 A trader on your platform splits a large sell into a string of small orders, cancels most of them within seconds, and walks the visible price down before lifting it again. Your surveillance dashboard flags it. Now the clock is running, because MiCAR STOR reporting is not a back-office nicety. Under…
Last updated: June 2026 A crypto-asset firm that treats Norway as just another corner of the EU single market is making an expensive assumption. MiCAR in Norway did not switch on when the EU rules did. The provisions binding crypto-asset service providers across the Union applied from 30 December 2024, but a firm serving Norwegian…
Last updated: June 2026 If you issue or service a dollar-referenced stablecoin that moves across the Atlantic, the open question has always been which regulator can ask your supervisor for what, and how fast. On 2 June 2026 the European Banking Authority and the New York State Department of Financial Services answered part of it…
The EC opened its MiCAR review consultation on 20 May 2026. Guide to all four parts and what European CASPs should prioritise before the 31 August deadline.