Regulation & Compliance

MiCA, EMT rules, PSD2, jurisdiction analysis: what regulation actually means in practice for stablecoin infrastructure.

Can a Business Still Settle EU Payments in USDT After MiCA?

USDT is not banned in the EU, but its issuer is not authorised here: ESMA expected EU-licensed platforms to stop offering it, and holders have none of the rights MiCA attaches to an authorised stablecoin.

18 September 2026 · 7 min read

Regulation & Compliance Explainer

GENIUS Act vs MiCA: Two Regulatory Models for Stablecoins, Compared

MiCA and the US GENIUS Act now govern stablecoins on both sides of the Atlantic. Compare who can issue, reserves, redemption, and the ban on paying interest.

16 September 2026 · 6 min read

Regulation & Compliance Position

MiCA's Transitional Period Has Ended: What It Means for Businesses Holding Non-Compliant Stablecoins

MiCA's transitional period for crypto-asset service providers ended on 1 July 2026. From July 2026 there is no grandfathering exemption, and a stablecoin from any issuer without EU authorisation is an unregulated counterparty.

21 July 2026 · 6 min read

Regulation & Compliance Explainer

What Is Reserve of Assets Under MiCA? How EMT Issuers Protect Token Holders

MiCA requires stablecoin issuers to back every token in circulation. This explainer sets out how the backing works for electronic money tokens, how it differs from the reserve of assets rules for asset-referenced tokens, and what protects a holder.

30 June 2026 · 7 min read

Regulation & Compliance Explainer

vIBANs Explained: What They Are, How They Work, and What the Regulatory Risks Are

A vIBAN routes payments to a master account, not a direct bank account. How vIBANs work, who holds the regulatory obligations, and what risks the EBA has identified.

24 April 2026 · 7 min read

Regulation & Compliance Explainer

EMI Licence vs VASP Licence: What's the Difference and Why It Matters for Payments

An EMI licence and a VASP registration are not equivalent. This explainer sets out what each authorises, what obligations each carries, and why the distinction matters for businesses building on stablecoin infrastructure.

26 February 2026 · 7 min read

Regulation & Compliance Explainer

What Is MiCA Title IV? A Plain-Language Guide to Electronic Money Token Regulation

MiCA Title IV establishes the EU regulatory framework for electronic money tokens — stablecoins pegged to a single fiat currency. This guide explains what it requires, who it applies to, and why it matters for businesses using stablecoin infrastructure.

29 January 2026 · 7 min read