Cambitas offers specialist advice in crypto and digital asset regulation, in the UK, Europe and worldwide. We represent exchanges, payment firms, trading firms and financial technology companies, at all sizes and stages of development.

 

The regulatory landscape for digital assets in Europe and the US is going through profound transformation: 

 

- MICA's primary provisions came into force at the end of 2024, with transitional provisions running into 2025 & 2026 for certain crypto-asset service providers. MICA introduces standardised rules across all 27 member states, for asset-referenced tokens, e-money tokens and crypto-asset service providers (or CASPs) such as exchanges, wallet providers and custodians.  The requirements include, amongst others, reserve requirements, whitepaper disclosures and an authorisation process for stablecoin issuers, and governance, market-abuse and licensing requirements for CASPs.

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- The UK has announced its intention to bring digital assets activities within the regulatory perimeter. The activities which will be subject to regulation (in the same way as existing financial services activities) include stablecoin issuance, custody, staking, operating a trading platform, dealing in digital assets, and arranging deals in digital assets. 

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- The US regulatory appetite for digital assets is in flux, and the US has recently issued guidance on whether certain digital assets constitute securities. 

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There are substantive differences between the approaches of these three key jurisdictions, but one consequence of all the changes is that more and more crypto-related activities are being brought within the regulatory perimeter. To help navigate this constantly evolving landscape, Cambitas can:

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- Assist with, and guide you through, the regulatory registration and authorisation process

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- Help you understand the regulatory requirements in multiple jurisdictions, including whether proposed activities fall within the regulatory perimeter or not

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- Advise on the documents required for offerings, including white papers, disclosures and financial promotions

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- Implement compliance programmes, including governance, conflicts of interest, transparency, disclosure, reporting, anti-money laundering, counter-terrorist financing, asset segregation etc

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- Defend against regulatory enquiries and/or enforcement actions

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We cover all types of assets, including crypto-assets, NFTs and other tokens, DeFI, payments, e-money and others. 

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We combine a deep understanding of the regulatory environment with a highly pragmatic approach. Our unique business model enables us to drive down overheads, providing you with outstanding value for money