In our recent response to the ESMA Survey on Legal Entity Identifiers (LEIs), Adan highlighted the critical role they play in the financial landscape, notably in global markets such as crypto-assets. By adopting LEIs, businesses can optimize compliance with regulatory requirements across various jurisdictions, where th
Interactions between the Payment Services Directive (PSD) and the Market-in-Crypto-Assets Regulation (MiCA)
To fully understand the current regulatory challenges, Adan shares a brief analysis of the impact of the Market-in-Crypto-Assets Regulation (MiCA) and its interactions with the Payment Services Directive (PSD). Since the partial implementation of MiCA on June 30, new stablecoin rules have marked a turning point for the
Position Paper – Necessary clarifications on fund segregation obligations for DASPs
In a new position paper, Adan examines the implications of the European Markets in Crypto-Assets Regulation (MiCA) for Digital Asset Service Providers (DASPs) regarding fund segregation requirements. MiCA requires DASPs to separate and protect their clients’ assets; however, this continuous segregation requirement po
Description of Adan Adan is a professional association governed by the law of 1901. It brings together more than 200 professionals - new players and established companies - who on a daily basis develop innovation and use cases for Web 3 in all areas of the economy. By removing the obstacles to their growth and [&hellip
Adan’s response to the EBA Consultation on the draft guidelines on templates for supervisory reporting for ARTs and EMTs
On October 15, 2024, Adan submitted its comments on the European Banking Authority's (EBA) public consultation regarding Guidelines on templates to assist competent authorities in supervising issuers of ARTs and EMTs, under Regulation (EU) 2023/1114. This consultation aims to address data gaps that could hinder the sup
In the context of the upcoming MICA Report on the "latest developments regarding crypto-assets’’, anticipated in December, staking has captured significant attention from European Regulators. With the aim to foster informed discussions about staking in Europe, Adan has prepared a comprehensive report on staking. St