Wyden

In our latest article we turn our attention to regulatory developments in #Turkey. The new Draft Bill on #Cryptoassets is in the process of clearing parliamentary approval, and will impose broad obligations, such as licensing, the prevention of market abuses, and the requirement for formal written contractual agreements with customers. However, in contrast to #MiCA, it falls short of issuing explicit provisions in areas such as best execution, record keeping or IT system requirements.?What does this mean for #CASPs in Turkey? Our article examines: ? The requirements imposed by the bill ? The future impact ? How CASPs serving Turkish customers can set themselves up for a compliant crypto asset service offering.? Read our assessment on the Wyden blog: https://lnkd.in/dyBt39H8 Andy Flury Felix Saible Marc Heissenbüttel Stuart Petersen Mimoza Selmani Juan Rodriguez Juan Sánchez, PMP Theo Woik Esin Attorney Partnership Kevin Sommer Bartosz Wójcik Brandon Le Sann Buncak Hayri Saykam

Navigating the MiCA Transition in Portugal: Legislative Delays Hamper CASP Licensing Portugal’s transition to the EU’s Markets in Crypto-Assets Regulation (MiCA) has been delayed due to a stalled domestic legislative process, leaving CASPs in limbo. While MiCA became fully applicable in December 2024, the Portuguese government has yet to appoint a regulator to oversee CASPs, meaning it's not yet possible to obtain a MiCA CASP license.? Key Developments:? - Legacy Regulation: Before MiCA, Portuguese CASPs came under the umbrella of the EU’s Anti-Money Laundering Directive, requiring CASPs to register with the Bank of Portugal. - MiCA Compliance Delays: As of early 2025, neither the Bank of Portugal nor the Portuguese Securities Exchange Commission (CMVM) has been designated as the official MiCA regulator, halting new CASP licensing.? - Article 60 Exemptions: EU-regulated financial entities can use a simplified notification procedure under MiCA. However, Portuguese institutions must wait for a designated regulator before notifications can be processed.? - Transitional Provisions: CASPs registered in Portugal before December 2024 can continue operating under their existing registration. If no local ruling is made, MiCA’s default transitional period extends to mid-2026.? Despite these uncertainties, Portugal remains a promising market. With 12% of the population already holding cryptocurrencies and strong interest in digital assets, the sector is poised for growth once regulatory clarity is established.? As Portugal’s MiCA transition unfolds, Wyden is here to support banks, brokers, and CASPs in building scalable, compliant digital asset businesses.? Read more about Portugal’s MiCA transition and opportunities: https://lnkd.in/dNAetxAd Klaudia Kuklińska Felix Saible Stuart Petersen Kevin Sommer Leona Chen Kelly Pettersen Babile Keita Andy Flury Andrea Natalia Tarantini Juan Sánchez Mimoza Selmani

Wyden's Stuart Petersen Onstage at This Year's CAC Event We are thrilled to announce that Stuart Petersen, our Chief Revenue Officer, will deliver a keynote speech at this year's Crypto Assets Conference 2025 (#CAC25A) in Frankfurt on March 26, 2025.? Stuart's talk will delve into #MiCA, #DORA, and the future of regulated digital asset trading – thereby providing invaluable insights for banks and brokers considering entering the digital asset markets. With MiCA and DORA regulations reshaping the financial landscape, this session is a must-see for industry professionals aiming to stay ahead.? Don't miss this opportunity to gain expert perspectives on navigating the evolving regulatory environment and its impact on digital asset trading.? Secure your spot at #CAC25A by registering here: https://lnkd.in/gVMHgr_m Or reach out to Stuart Petersen directly in case you want to connect! Felix Saible Kevin Sommer Kelly Pettersen Klaudia Kuklińska Mimoza Selmani tradias Juan Rodriguez Theo Woik Andy Flury Babile Keita Leona Chen Victoria Luisa Keller

Wyden x Crypto Finance AG – Expanding Access to Regulated Digital Asset Markets? We’re excited to announce that Wyden has integrated Crypto Finance Group, part of Deutsche B?rse Group, into its liquidity network, giving institutional investors seamless access to deep liquidity and highly competitive pricing.? This collaboration empowers banks, brokers, and financial service providers to leverage Wyden’s end-to-end digital asset trade lifecycle platform while ensuring full #MiCA compliance. As Europe transitions to MiCA, partnerships like this play a crucial role in strengthening digital asset markets and expanding institutional adoption.? “For institutional investors, regulatory clarity, efficiency, and security are critical when trading digital assets. With this integration, we provide seamless access to highly liquid markets while ensuring the highest standards of compliance and execution quality.” – Mike Schwitalla, Head of Clients and Market Access at Crypto Finance AG Read the full announcement: https://lnkd.in/dzZ9YPpz #DigitalAssets #InstitutionalTrading #CryptoFinance #Wyden #MiCA #LiquidityNetwork #Fintech #Innovation #FinanceTransformation?Andy Flury Felix Saible Marc Heissenbüttel Stuart Petersen Rémy MC Kevin Sommer Kelly Pettersen Babile Keita Mimoza Selmani Juan Sánchez Theo Woik

We're excited to announce that Kelly Pettersen, Head of Sales UK, Southern Europe and LatAm, will be attending the Merge Digital Asset event in Buenos Aires taking place on March 24-26! Kelly is looking forward to connecting with professionals across the Argentinian and broader LatAm digital asset sector, exploring the latest trends in institutional digital asset trading, and discussing how the adoption of digital assets continues to evolve in the region.? If you’re attending Merge and would like to meet, feel free to reach out to Kelly directly or contact us to arrange a meeting. Looking forward to insightful discussions in Buenos Aires!? #Wyden #DigitalAssets #Crypto #LatAmCrypto?MERGE Madrid & Buenos Aires Leona Chen Stuart Petersen Kevin Sommer Victoria Luisa Keller Felix Saible Babile Keita Andy Flury Mimoza Selmani Andrea Natalia Tarantini

February was the most challenging month for Bitcoin since June 2022, reflecting broader market volatility following President Trump's inauguration in January. However, a recent announcement regarding the inclusion of cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Cardano in a proposed U.S. strategic crypto reserve has rejuvenated digital asset markets.? This development has led to a significant surge in cryptocurrency prices, with Bitcoin climbing over 20% from last week's lows, reaching approximately $93,057.? The US government's reserve announcement could mark a pivotal shift in the financial landscape, particularly if it precedes the anticipated regulatory overhaul that will bring much-needed clarity to the US institutional digital asset markets.

Luxembourg: A Strategic Hub for MiCA-Compliant Digital Asset Banking and Brokerage With its deep-rooted legacy in cross-border banking and financial services, #Luxembourg is emerging as a prime location for firms looking to establish a #MiCA-compliant crypto-asset business. Home to leading global banks, investment firms, and a growing number of regulated crypto providers, the country offers a strong foundation for digital asset expansion under the new EU regulatory framework. Our latest article explores: – How Luxembourg’s financial sector is positioned for the MiCA era – Key regulatory requirements and transition timelines for CASPs – The market opportunity for institutions expanding into digital assets Read the full article to learn how MiCA will shape the future of crypto in Luxembourg and how Wyden can support firms in launching a fully compliant digital asset business: https://lnkd.in/gMekYZWY #MiCA #DigitalAssets #CryptoRegulation #InstitutionalTrading #Luxembourg Kevin Sommer Babile Keita Kelly Pettersen Juan Sánchez Leona Chen Felix Saible Andy Flury Andrea Natalia Tarantini

Exciting news — Wyden will be at the Digital Asset Summit 2025 (DAS) in New York from March 18-20. Our Chief Revenue Officer, Stuart Petersen, and Head of Sales UK, Southern Europe and LatAm, Kelly Pettersen, will be attending and engaging in discussions on the latest trends shaping digital assets and institutional trading. Hosted by Blockworks, #DAS2025 is a premier institutional conference bringing together over 1,800 attendees from 750 institutions, including banks, allocators, asset managers, and other financial institutions. If you’re attending and would like to connect, reach out to Stuart or Kelly to arrange a meetup –?so don't forget to DM us directly. Looking forward to insightful conversations and a great event! #DigitalAssets #InstitutionalTrading #BlockworksDAS?Kevin Sommer Andy Flury Rémy MC Felix Saible Mimoza Selmani Juan Sánchez Leona Chen Marc Heissenbüttel Babile Keita

We've just released a brand-new episode of our podcast, The Gspr?ch! This time, host Stuart is joined by Manuel Villegas Franceschi, Digital Assets & Next Generation Research at Julius Baer, to discuss the macro state of the industry following a year which has been the most pivotal in the history of digital assets. The launch of spot Bitcoin ETFs has fueled a new bull market, the recent inauguration of Donald Trump signals a potential shift in US digital asset regulation, and #MiCA’s implementation is reshaping the European landscape.? Listen to Stuart and Manuel discuss:? - The maturation of crypto as an asset class and its relationship with other global assets? - How recent developments are influencing price and liquidity trends? - The evolving US regulatory landscape and its global impact? Find it on YouTube: https://lnkd.in/d7aQxdXM Find it on Spotify: https://lnkd.in/dUupzpGr Make sure you follow The Gspr?ch to gain expert insights on the forces shaping the digital asset markets! Stuart Petersen Andy Flury Marc Heissenbüttel Ed Newey Felix Saible Kevin Sommer Kelly Pettersen Babile Keita Leona Chen Juan Sánchez Andrea Natalia Tarantini