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Policy Event · Medium impact

Ledger CTO Warns MiCA Costs Are Excluding Smaller Crypto Firms

Ledger CTO Charles Guillemet warned that MiCA's capital, audit, insurance and compliance costs are pushing smaller crypto startups out of the European market. The signal points to continued CASP consolidation and higher licensing barriers as the EU rulebook moves into full operation.

Medium impact🌐 EURegulationLicensingLedger

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Named institutions or platforms: Ledger. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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High impact🌐 ARRegulationTokenizationBTC
APAC FINSTAB analysis → Original source ↗

Bitget Registers As New Zealand Financial Services Provider

Bitget said it has been registered on New Zealand's Financial Service Providers Register and joined the IFSO dispute-resolution scheme. The registration covers financial-service activities such as foreign exchange, remittance, custody and client execution, but compliance teams still need to distinguish FSPR registration from full virtual-asset prudential supervision.

Medium impact🌐 NZLicensingExchangeCustody
APAC FINSTAB analysis → Original source ↗

Brazil B3 Registers First Tokenized Cattle Collateral Credit Deal

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Medium impact🇧🇷 BrazilTokenizationRegulation
APAC FINSTAB analysis → Original source ↗