#Stablecoins

Potential impacts of regulatory developments on the business models of Crypto Asset Service Providers for the week ending 23 January 2026

1. EXECUTIVE SUMMARY The regulatory landscape for the week ending 23 January 2026 indicates a definitive fracturing of global operating models. The era of a single, unified global platform serving all jurisdictions via offshore licenses is functionally over. UK (Bearish): The Financial Conduct Authority (FCA) has effectively closed the “reverse solicitation” window. New proposals force a binary strategic choice for Crypto Asset Service Providers (CASPs): capitalise a full UK

James Ross

3 days ago3 min read

Key Regulatory Developments for CASPS w.e. November 14, 2025

1. Executive Summary: The Quantifiable “Cost of Legitimacy” and Market Consolidation This reporting period introduced several regulatory developments with substantial implications for CASP operational models and capital planning. The common theme is a rise in the measurable “Cost of Legitimacy,” as illustrated by the prudential requirements outlined in the Bank of England’s (BoE) consultation on systemic stablecoins. The proposal for a 40% unremunerated reserve requirement

James Ross

Nov 15, 202511 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 8, 20256 min read