How to adapt to increased crypto regulation: Antwort Law services for crypto investors and companies

International law firm Antwort Law closely monitors changes in legislation and regulatory measures related to cryptocurrency. In recent years, the freedom of the cryptocurrency market has been significantly reduced, and governments around the world are tightening controls on the circulation of digital assets. What was once an area with minimal regulation and high risks is now coming under the strict supervision of financial regulators.

MICA regulation: a new challenge for crypto operators in the EU

One of the clear examples of the strengthening of the rules is the entry into force of the MICA (Markets in Crypto Assets) regulation, which from July 1, 2024 introduced major changes to crypto-regulation in the European Union. One of the important provisions is the ban on circulation of USDT (Tether) stablecoin for EU residents. The decision was part of a broader effort to control stable cryptocurrencies, which European authorities believe could pose financial risks to the region's economic system.

Such measures demonstrate that the era of free and uncontrolled use of cryptocurrencies is a thing of the past. Now, both individual crypto investors and companies working with digital assets must take into account the strict legal requirements and be prepared to fully comply with the new rules.

In the coming years, further tightening of control over cryptocurrency operations is expected. The following measures that may affect the market are already being discussed:

1. Strengthening compliance requirements. Many countries will introduce additional requirements to verify the sources of income and transparency of cryptocurrency transactions. This is especially important for large investors and companies that work with international partners.
2. Additional restrictions on stablecoins. After the ban on USDT circulation in the EU, similar restrictions on other stablecoins in different jurisdictions are possible. This can significantly complicate the handling of such assets and increase the need to switch to licensed and controlled digital currencies.
3. Creation of national digital currencies (CBDC). Many countries, including the European Union and China, are actively developing their own central bank digital currencies (CBDCs). The appearance of such currencies can fundamentally change the structure of the crypto market and create new opportunities for regulation and control.

How can we help?

Antwort Law has extensive experience in the field of crypto-regulation and offers a full range of services for companies and individuals working with cryptocurrencies. Under conditions of strict control, we offer the following:

1. Opening Crypto Accounts - help in opening accounts for working with cryptocurrencies at reputable banks and financial institutions that support working with digital assets.
2. Opening of crypto companies - registration of companies operating in the crypto sphere in jurisdictions with a favorable tax and regulatory climate.
3. Obtaining crypto licenses — assistance in obtaining licenses to work with cryptocurrencies, including payment licenses and licenses to exchange cryptocurrencies, in accordance with the requirements of international regulators.
4. Legal support of crypto operations — support of transactions with cryptocurrencies, legal advice on compliance and compliance with legislation in various jurisdictions.

Antwort Law is proud of successful cases that demonstrate our competence and ability to effectively solve tasks in the field of crypto regulation, opening crypto accounts and obtaining licenses. Here are some examples of where our team has helped clients achieve success:

Registration of a crypto company in Poland

We were approached by a client who planned to launch a crypto platform and needs help choosing a jurisdiction for company registration. His goal was to find a place with a favorable tax regime and soft crypto-regulatory requirements. Antwort Law lawyers offered several suitable options and helped in the process of company registration in Poland. We also ensured the company's full compliance with local legislation and international standards, which allowed it to start working on the global market without any obstacles.

We will help you not only meet all regulatory requirements, but also optimize business processes to minimize risks and maximize your profits. With Antwort Law, you can be sure that your business is protected and meets all international standards.

Contact us for a consultation and find out how we can help you adapt to the new conditions and succeed in the environment of strict control of cryptocurrencies.

Lidia Ivanova

International lawyer
Antwort Law