Which crypto players may exit the market once MiCA comes into force?
The cryptoasset market is entering a stage in which technology alone is no longer the key differentiator. Regulatory compliance, risk management models, and the ability to operate within the framework of European MiCA requirements are becoming increasingly important. In the Prawo.pl article on MiCA licensing, the transitional period, and the consequences for cryptoasset service providers, […]
MiCA and the future of the European digital market
The EU’s MiCA Regulation is entering a decisive phase, and the pace of domestic legislative work is already having a tangible impact on businesses operating in the crypto-asset sector. In his latest article published on Prawo.pl, Wojciech Ługowski discusses the implications of the Polish Financial Supervision Authority’s (UKNF) position and outlines potential scenarios for the Polish market after […]
When Does a Token Qualify as “Electronic Money”? The Boundary Between Stablecoins and E-Money Under EU Law
The growing popularity of stablecoins is making their legal classification increasingly important. A key issue is determining whether a token offered as a “means of payment in Web3” should in fact be classified as electronic money within the meaning of the EMD2 Directive. Why does this matter? As emphasised by Wojciech Ługowski, attorney-at-law and managing […]
Between EU regulations and national practice. What about MiCA in Poland?
MiCA is increasingly moving from the level of regulatory assumptions into everyday market practice, raising very concrete questions for entrepreneurs. During the event “Between EU regulations and national practice: What about MiCA in Poland?”, organized by Blockchain Girls & Superteam Poland, Wojciech Ługowski had the opportunity to open a discussion on how the new regulations are actually affecting business […]
Blockchain and Payment Services Law – When Does a Crypto Wallet Provider Become a Payment Institution?
The development of blockchain technology is outpacing the pace of regulatory change. This legal gap caused by rapid development often leads Web3 startups (e.g., those developing crypto wallets, payment gateways or DeFi applications) to believe that the legal framework of the “traditional” financial market does not apply to them. After all, if they do not […]
Typical Legal Mistakes of Blockchain Startups and How to Avoid Them
In the blockchain world, technology often moves faster than the law – and startups that act quickly and boldly do not always act with sufficient legal awareness. Unfortunately, many legal mistakes made in the early stages of development can hinder the scaling of a project, discourage investors, or lead to costly consequences. This is especially […]
The End of VASPs, Time for CASPs – New Licenses for Crypto Firms in the EU
From July 2026 at the latest, companies operating in the crypto-asset market in the European Union will be required to hold a CASP license. Entrepreneurs who previously provided services as so-called VASPs (Virtual Asset Service Providers) will need to transition and become authorised as CASPs under MiCA. This means not only a change in the […]
MiCA 2025: New regulations for utility tokens – what do issuers need to know?
From mid-2025, crypto projects issuing utility tokens in the EU will be subject to new legal obligations. While regulations for such tokens are still more lenient than payment tokens, the MiCA regulation introduces new requirements, including the obligation to notify of issuance and publish a white paper. Project founders and compliance departments should prepare for […]
Utility Tokens under MiCA – New Obligations from 2025 for Crypto Projects
From mid-2025, crypto projects issuing utility tokens in the EU will face new legal obligations. While regulatory requirements for such tokens remain lighter than for payment tokens, the introduction of the MiCA regulation imposes new duties—including notification and white paper publication. Below is a guideline to the changes prepared by Lawarton lawyers. What regulatory changes […]
ESMA Guidelines on Crypto Marketing: Key Implications for Non-EU Firms
Date: 20/03/2025 The European Securities and Markets Authority (ESMA) adopts a technology-neutral approach when evaluating promotional activities in the cryptocurrency sector. Under the ESMA guidelines, any form of digital or offline marketing, advertising, or service offering may be classified as solicitation. This encompasses digital ads, crypto influencer marketing, social media content, and indirect strategies such […]