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EUParliament ArtificialIntelligence AIRegulation EULegislation EUAIACT FintechIndustry

Navigating the AI Frontier: A Comprehensive Guide to Current and Proposed Regulations

News & Insights22 February 2024

MK Fintech Partners explores the current and proposed AI Regulation within the various EU, US, and UK jurisdictions.

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Blockchain digital identity. Data Protection online identity risks Decentralisation cryptographic security user-centric design Digital identity management

The Future of Digital Identity: A Blockchain-Based Solution

News & Insights24 January 2024

MK Fintech Partners: Blockchain is digital identity security thanks to its decentralised nature, cryptographic security, user-centric design

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Crypto Regulation Offshore Jurisdictions crypto industry Crypto Asset Cryptocurrencies Seychelles’ Crypto Licence crypto firms Anti-Money Laundering (AML) Virtual Asset Service Provider (VASP) British Virgin Islands (BVI) Crypto Licence Cayman Islands Crypto Licence sandbox licences fintech services

Crypto Regulation in Offshore Jurisdictions

News & Insights10 January 2024

MK Fintech Partners gives details about Crypto Regulation in Offshore Jurisdictions, including the Seychelles, the British Virgin Islands and the Cayman Islands.

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EU Legislation European Securities and Markets Authority MiCAR Crypto Regulation Products And Services Crypto-Assets

Cogs Start Turning On MiCAR Implementation

News & Insights4 December 2023

MK Fintech Partners gives updates on the MiCAR and what it means for stakeholders in the crypto and fintech industries.

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Cryptocurrency Mining Blockchain Crypto and Climate Change environmental impact proof-of-work (PoW) proof-of-Stake (PoS) Fintech sustainability electronic waste

Exploring the Ethical Implications of Cryptocurrency Mining

News & Insights14 November 2023

MK Fintech Partners explores Cryptocurrency Mining and its environmental impacts, Blockchain tech and PoW/PoS

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Markets in Crypto Assets Regulation (MiCAR) EU legislation on financial services Investment Firms MIFID financial instruments Credit Institutions CASPs Crypto Regulation Crypto-asset Services

How and Why should Investment Firms leverage their MIFID Licence under MiCAR?

News & Insights25 October 2023

MK Fintech Partners outlines the measures Crypto-Asset Investment Firms must consider prior to the implementation of MiCAR

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EBA-ESMA Consultation Papers on RTSs and ITSs for MiCAR

News & Insights29 September 2023

MK Fintech Partners gives a summary of the EBA and the ESMA’s publication for public consultation on RTSs and implementing ITSs to MiCAR

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An ART is defined in MiCA as a type of crypto-asset that is not an electronic money token and that aims to maintain a stable value by referencing another value or right or a combination thereof, including one or more official currencies. Meanwhile, an EMT is defined in MiCA as a type of crypto-asset that purports to maintain a stable value by referencing the value of one official currency. The issue that firms will face is whether to consider what they are doing as an ART, and thus something that requires authorisation via MiCA, or whether they are distributing an EMT, which needs to be authorised through the Electronic Money Directive (EMD) or under the Capital Requirements Regulation as a credit institution. However, rules for EMTs are set out within MiCA and must be applied. As acknowledged by representatives from the National Bank of Belgium and the European Banking Authority recently, this has already been a headache for firms with regard to whether they need to apply for a MiCA-specific licence or an EMD licence. Chase continued that the first step for firms is to select which member state they want to get authorised in. "We saw just last week that Coinbase has selected Ireland as its MiCA authorisation base." she said. "Then there's all the work you need to do with your regulator to prepare the required information for internal and external purposes," Chase continued, adding that another issue worth keeping in mind is responding to MiCA consultations prepared by the European Banking Authority and the European Securities and Markets Authority. "If firms haven't taken a look at these I would advise them too. It's your chance to have to your say”.

The MiCAR and Travel Rule Regulation Flight has now taken off! Will the flight be a turbulent one with a smooth touchdown?

News & Insights12 September 2023

MK Fintech Partners discuss The MiCAR and Travel Rule Regulations, and the various intricacies that fare to follow.

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Summary: EBA’s Guiding Principles on Timely Preparatory Steps Towards the Application of the MiCAR to ARTs and EMTs

News & Insights30 August 2023

We summarise the EBA’s Guiding Principles on Timely Preparatory Steps Towards the Application of the MiCAR to ARTs and EMTs

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Will the DLT Pilot Regime revolutionise capital markets in Europe?

News & Insights25 August 2023

The DLT Pilot Regime introduces a regulatory sandbox allowing market operators to experiment with DLT within the financial market industry while remaining compliant with EU law

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