June 2023

MiCA Regulation Will Be Fully In-force by December 2024    The world of cryptocurrencies and digital assets has been rapidly expanding, presenting both opportunities and challenges for regulators. As governments strive to protect investors, combat financial crime, and foster innovation, the European Union (EU) has taken a significant step forward with the Markets in Crypto

This report is an update to Eventus’ white paper, Crypto Regulation in Asia: 2022 Hong Kong Update, which was published in September 2022. These periodic updates are focused on the emerging regulatory environment for virtual assets in Asia Pacific. Changes continue at a rapid pace, and the Securities and Futures Commission’s (SFC) May 2023 Circular

The U.S. Commodity Futures Trading Commission’s May 17 advisory that some prime brokers might have to register as derivatives clearing organizations (DCOs) is a “huge deal” for the industry.