The Council is working on a compromise under the Market Integration and Supervision Package (MISP) that could significantly change how MiCA supervision works. The key idea: ESMA would directly supervise CASPs classified as significant. Under the current compromise, a CASP could qualify as significant if it has: 🔹 more than 15 million active users in the EU, or 🔹 meets at least 3 out of 5 additional criteria, including: – more than 1 million active EU users, – more than EUR

DAC8 reporting in Poland starts with an unusual regulatory backdrop. EU Member States were required to apply the DAC8 rules from 1 January 2026. Poland’s implementing act entered into force only on 18 March 2026. The Polish legislation addresses this gap directly: the new framework also covers relevant reportable crypto-asset transactions carried out from 1 January 2026. As a result, the first reporting period effectively covers the whole of 2026, with the first reports due b

Last week, the Polish Council of Ministers approved the draft Act on the Crypto-Assets Market (Draft Act), marking a significant step in...

The European regulatory landscape for crypto-assets continues to evolve. In this post, we would like to outline the guidelines issued by...

A revised version of the Draft Act on the Crypto-Assets Market (Draft Act), implementing the Markets in Crypto-Assets Regulation (MiCA)...

ESMA published a statement on 17 January 2025 outlining key guidance for Crypto-Asset Service Providers (CASPs) operating in the EU...

📅 30 April – 1 May, 2025 We are excited that our General Partner and founder of our law firm, attorney-at-law Jaroslaw Nowacki will...

The European Securities and Markets Authority (ESMA) has released a Consultation Paper outlining draft guidelines on the criteria for the...

The European Securities and Markets Authority (ESMA) has released a Supervisory Briefing aimed at fostering a convergent approach among...

On 17 December 2024, the European Securities and Markets Authority (ESMA) has issued Guidelines on the conditions and criteria for the...

On 26th February 2025, the European Securities and Markets Authority (ESMA) issued new guidelines on the concept of reverse solicitation...

The Digital Operational Resilience Act (hereinafter referred as: ‘DORA Regulation’) establishes uniform requirements for the security of...

The Digital Operational Resilience Act (DORA) introduces strict third-party ICT risk management requirements for financial institutions....

On 4 December 2024, the European Banking Authority (hereinafter: “EBA”)published a comprehensive summary of guidelines on the prevention...

The DORA Regulation, which became effective on 17 January 2025, introduced new comprehensive rules for technology risk management and...

After the end of each quarter, Polish VASPs have to submit quarterly statistics to the General Inspector of Financial Information (GIIF)....

The entry into force of the Regulation (EU) 2022/2554 on digital operational resilience for the financial sector (hereinafter: ‘DORA’)...

Pleased to announce that our general partner, Jaroslaw Nowacki , has been selected to participate in the 8th Generation of The Kleros...

We are pleased to share that our General Partner, Jaroslaw Nowacki , has joined the advisory board of HackZ ! HackZ is an innovative...

Dear Clients, Partners, and Friends, As the holiday season approaches, we extend our heartfelt thanks for your trust, collaboration, and...