Make Crypto Make Sense™
Institutional intelligence before the institutions arrive.
Every week, we track what moved across SEC, ESMA, MAS, FINMA, and 20+ regulatory bodies — and tell you what it means for your desk. Built from primary sources. Written for professionals.
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Read by compliance and legal teams at Standard Chartered, Lloyds, Freshfields, and Loyens & Loeff.
Essential Analysis
- •MiCA's Passport Problem: Europe's Crypto Single Market Is Fracturing Before It Begins
Why MiCA's single-market promise is fragmenting across 27 implementation regimes.
- •UK Property (Digital Assets) Act 2025 Guide
The legal framework that finally gives digital assets property rights under English law.
- •Stablecoins vs CBDCs vs Tokenized Deposits
The structural comparison your treasury team needs before choosing rails.
- •Off-Bank FX Settlement Regulatory Guide
How settlement is moving outside traditional banking — and what regulators are doing about it.
- •EU MiCA Enforcement Heatmap
Which member states are enforcing, which are delaying, and what that means for your licensing strategy.
This Week's Intelligence
- •The SEC Just Gave DeFi a Five-Year Runway— Apr 19, 2026
Staff exempts self-custodial front-ends from broker-dealer rules. Conditions: no discretion, no payment-for-order-flow, written venue policies.
- •The EU and the Big Banks Are Building in Parallel— Apr 19, 2026
ECB dedicates a Bulletin to stablecoins and tokenisation. HSBC launches US tokenised deposits. SIX brings €2T of equities onchain.
- •Four Regulators Issued Crypto Sanctions Rules in One Week— Apr 9, 2026
OFAC, SFC, VARA, and AUSTRAC. FDIC proposes GENIUS Act prudential standards for stablecoin issuers.
- •Three Months Until the EU AI Act Hits Your AML Systems— Apr 3, 2026
High-risk obligations apply August 2. SEC names AI governance a 2026 exam priority. FINRA targets agentic AI.
Analysis built from BIS, ECB, ESMA, FINMA, MAS, SEC, FATF, and 90+ primary sources per week. Written by a cross-border transactions lawyer since 1998.
Register to read the full brief.
Read by compliance and legal teams at Standard Chartered, Lloyds, Freshfields, and Loyens & Loeff.