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 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…
Last updated: March 2026 Introduction MiCAR (Markets in Crypto-Assets Regulation) creates the first comprehensive regulatory framework requiring crypto-asset service providers to implement authorization, prudential reporting, transaction monitoring, and incident notification systems. The Markets in Crypto-Assets Regulation (Regulation (EU) 2023/1114) represents the first unified rulebook for crypto-asset activities across the entire European Union. For reporting teams…