On 12 January 2026 the Swiss Financial Market Supervisory Authority (FINMA) published Guidance 01/2026, Custody of cryptobased assets, addressing institutions subject to FINMA supervision and identifying banks, securities firms, managers of collective assets and portfolio managers in particular. The document carries a blunt message: it restates the rules that already govern crypto custody in Switzerland…
On 16 July 2026 the Financial Action Task Force published its seventh targeted update on how countries are implementing the FATF standards for virtual assets and virtual asset service providers. The headline finding is that implementation remains uneven. Of the 109 jurisdictions answering the Travel Rule legislation question, 91, or 83 percent, reported legislation in…
On 10 July 2026 ESMA announced thirteen Q&A repository items across the EU ESG Ratings Regulation, the Markets in Crypto-Assets Regulation and MiFIR secondary markets. All thirteen items carry published answers. The individual records also show that several answers pre-date 10 July 2026. None of the thirteen published answers creates a new reporting template or…
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 framework under Article 131…
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 for the short window…
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 Article 92 of the…
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 clients was governed by…
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 by signing the EBA-NYDFS…
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 and compliance practitioners, MiCAR…