As the Markets in Crypto-Assets Regulation (MiCAR) authorisation process gathers momentum across Europe, we’re beginning to see the first firms cross the finish line. Several European jurisdictions have now granted approvals, and in Ireland, the Central Bank of Ireland (CBI) has approved its first MiCAR application: Kraken.
Over the last several weeks, speaking with Irish VASPs and new Crypto Asset Service Provider (CASP) entrants, I’ve noticed a recurring theme—some are making their authorisation process more difficult than it needs to be.
Internal audit functions in regulated financial services firms are under increasing scrutiny. Regulators want to see independent, well-resourced third-line functions with direct Board access, a structured audit universe, and the ability to escalate findings without management interference.
Enter your details and we'll send this briefing directly to you.