Regulation
HELMS briefings on Regulation: short, practical reads for operators on what is changing and what to do about it.
ESMA CSA Targets CASP Custody Resilience
ESMA has launched a Common Supervisory Action focused on digital operational resilience for CASPs providing custody services. National competent…
Read briefing →Australia Travel Rule Live 1 July: What Exchanges Must Do
Australia's crypto travel rule takes effect on 1 July 2026, requiring VASPs to collect and share sender and receiver data on virtual asset transfers…
Read briefing →FCA Opens Crypto Authorisation Window: Sept 2026–Feb 2027
The FCA has set a formal application period for crypto firm authorisation running from 30 September 2026 to 28 February 2027. Firms operating in the…
Read briefing →MiCA Transition Ends 1 July: ESMA Orders Unlicensed CASPs to Wind Down
ESMA has called on crypto-asset service providers still operating under national transitional provisions to begin orderly wind-down ahead of the 1…
Read briefing →EBA Consults on MiCA Fine-Setting Methodology
The EBA has launched a consultation on how it will calculate fines for breaches of the Markets in Crypto-Assets Regulation. CASPs and token issuers…
Read briefing →SEC and CFTC Open Comment on Derivatives Definitions
The SEC and CFTC are jointly consulting on revisions to derivatives product definitions to reduce classification ambiguity across the two regimes…
Read briefing →France's AMF: unlicensed crypto firms face blacklist after June 30
France's AMF has warned crypto firms that operating without an EU MiCA licence after 30 June will trigger blacklisting and criminal prosecution…
Read briefing →Poland has under 20 days to implement MiCA — and still no law
President Karol Nawrocki has vetoed Poland's crypto-assets bill for the third time, leaving Poland the only EU state without national MiCA…
Read briefing →How the GENIUS Act made USDC wall street's stablecoin
Circle's USDC was built to be regulation-ready before the GENIUS Act required it, and US institutions have quietly adopted it as default on-chain…
Read briefing →CFTC treats crypto perpetuals as foreign futures, eases FCM transfers
CFTC staff confirmed that certain crypto-asset perpetual contracts are categorised as foreign futures, and issued a no-action letter covering futures…
Read briefing →MiCA is live — what it actually changes
The EU's Markets in Crypto-Assets regime now applies in full. Issuance and custody of stablecoins, exchange and brokerage all need authorisation, and…
Read briefing →EMI, agent or full licence?
The right route depends on speed, control and economics. Operating under a principal's licence (agent model) is fastest but caps control and margin…
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