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Potential Impacts of Regulatory Developments on CASP Business Models and Revenue (Week Ending December 5, 2025)
1. Executive Strategic Synthesis The global digital asset landscape experienced a significant structural transformation in the week ending December 5, 2025. The era of “Regulatory Arbitrage”—defined by the strategic exploitation of jurisdictional mismatches and grey-area licensing to facilitate global retail flows—has definitively come to an end. The regulatory environment has not only tightened; it has solidified into two distinct, mutually exclusive operating realities. Thi

James Ross
3 days ago14 min read


Risk and Compliance Report for Crypto-Asset Service Providers (CASPs) Week Ending: 7 November 2025
Executive Summary This week, the digital asset regulatory landscape was dominated by a pivotal proposed shift in EU supervisory architecture, a landmark enforcement action in Ireland, and a coordinated initiative aimed at promoting UK-US policy convergence. In the European Union , a new European Commission proposal initiated a significant debate on transitioning from MiCA’s extant national-based supervisory model to a centralised, ESMA-led pan-EU framework for significant CAS

James Ross
Nov 86 min read


Risk & Compliance Report For the Week Ending: 10 October 2025
Executive Summary This week’s regulatory landscape was driven by three dominant themes: the deepening focus on Artificial Intelligence...

James Ross
Oct 115 min read


MiCA 2.0: An Analysis of Franco-Austrian-Italian Proposals to Fortify the European Crypto-Asset Framework
Executive Summary The EU’s MiCA Regulation, effective from December 30 2024, marks a milestone in creating a unified legal framework for...

James Ross
Sep 2119 min read


Risk and Compliance Report Week Ending September 19, 2025)
Executive Summary This briefing analyses key regulatory developments for the week ending 19 September 2025. The environment is a...

James Ross
Sep 2015 min read


Commission Implementing Regulation (EU) 2025/1126, for firms seeking authorisation to offer asset-referenced tokens (ART)
Executive Summary This report provides a thorough analysis of Commission Implementing Regulation (EU) 2025/1126, a key legal instrument...

James Ross
Sep 1611 min read


Commission Delegated Regulation (EU) 2025/1125 on ART Authorisation
Executive Summary Commission Delegated Regulation (EU) 2025/1125 , which entered into force on October 5, 2025, constitutes a critical...

James Ross
Sep 1610 min read


Digital Markets Regulation Developments: August 2025
Executive Summary Recent analyses from key European and international institutions outline a landscape characterised by a strategic...

James Ross
Sep 15 min read


Risk and Compliance Report For the week ending 22 August 2025
Executive Summary This week's key regulatory developments demand immediate attention from risk and compliance functions, with significant...

James Ross
Aug 236 min read


Risk & Compliance Report: week ending 11 July 2025
Executive Summary This week's global regulatory developments signal a significant push across three core areas: operationalising...

James Ross
Jul 125 min read


ESMA Guidance on Segregating Regulated and Unregulated Crypto-Asset Services
Executive Summary This briefing analyses the formal statement issued by the European Securities and Markets Authority (ESMA) on 1 July...

James Ross
Jul 124 min read


ESMA Final Guidelines on Knowledge and Competence under Regulation (EU) 2023/1114 (MiCA)
1. Executive Summary On July 11, 2025, the European Securities and Markets Authority (ESMA) issued its final report on the guidelines...

James Ross
Jul 125 min read


ESMA Peer Review on CASP Authorisations under MiCA
1. Executive Summary This report analyses the findings of a European Securities and Markets Authority (ESMA) peer review concerning the...

James Ross
Jul 113 min read


MiCA: Official Translations of ESMA Guidelines on Preventing and Detecting Market Abuse
Executive Summary The European Securities and Markets Authority (ESMA) has issued comprehensive guidelines under the Markets in...

James Ross
Jul 104 min read


MiCA Delegated Regulation on Liquidity Management for Stablecoin Issuers
Executive Summary The European Commission has adopted a crucial Delegated Regulation supplementing the Markets in Crypto-Assets (MiCA)...

James Ross
Jul 14 min read


MiCA Developments: June 2025
Executive Summary June 2025 signifies a crucial phase in implementing the European Union's Markets (MiCA) regulation, with the approval...

James Ross
Jun 2912 min read
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