Author archive
Crypto & CASP Licensing
Elena Korniets leads SKY7 research on crypto, CASP and VASP licensing routes, with a focus on how authorisation scope, custody model, AML governance and local substance change the practical value of a file. Her notes compare national registration regimes with MiCA-era CASP authorisation, highlight where a seller claim needs regulator evidence, and translate technical permissions into buyer diligence questions. She writes for founders, operators and acquisition teams that need to understand whether an exchange, custody, brokerage or token-services model can be supported by the entity being reviewed. Elena pays particular attention to perimeter language, passporting assumptions, safeguarding, outsourcing and the documents a bank or supervisor will expect before onboarding or change-of-control review.
Articles on file
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European VASPs facing MiCA deadlines often have two bottlenecks at once: CASP authorisation timing and banking or EMI onboarding that moves more slowly than the regulatory calendar.
The EU's Markets in Crypto-Assets framework introduces CASP authorisation requirements that replace existing national VASP regimes. Capital thresholds, conduct rules, and white-paper duties are now standardised — and the compliance shape of an EU crypto business changes accordingly.
Before a bank says yes, they ask the same dozen questions in some order. We list them, explain what a strong answer looks like, and outline what is usually missing from the first onboarding deck.
