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An honour to join the BlackVogel and MiCA Crypto Alliance roundtable at the beautiful TheMerode in Brussels, and have the singular opportunity to grill a fantastic panel of Peter Kerstens (European Commission) Miguel Vaz (HAUCK AUFHÄUSER ASSET SERVICING) and Mariana de la Roche Wills (BlackVogel) on the realities of #MiCA implementation. As CASPs and crypto institutions become more like banks and traditional financial service providers, operationalising more and more complex risk management frameworks to become “banking grade”, it was fascinating to here from traditional institutions looking to adapt to the fast evolving tech environment and become “crypto” (or rather than ”digital asset”) natives. The panel was certainly interactive and we heard many interesting (and sometimes challenging) opinions from the roundtable participants. Many thanks to Juan Ignacio Ibañez, Aaron Evencio Sanchez and Bouchra Kostet of the MiCA Crypto Alliance and Mariana for extending the invite, as well as to everyone who patiently listened to me squeaking through my questions. Also to my Co-moderator Magnus Jones and his brilliant panellists.
From Policy to Practice: What MiCA Implementation Actually Looks Like 🦾🐦⬛🇪🇺 Yesterday, the MiCA Crypto Alliance, in collaboration with #BlackVogel, and NORM convened 35+ senior professionals from banks, central banks, regulators, and infrastructure providers at TheMerode in Brussels. As banking moves into crypto and crypto integrates into banking, these conversations matter more than ever‼️ 🔴 Key challenges surfaced: Institutions understand MiCA requirements, but operational execution is messy. DORA is a major bottleneck, crypto vendors lack bank-grade documentation. AML tools flag legitimate transfers as suspicious. Travel Rule compliance remains operationally challenging. NCAs interpret requirements inconsistently across borders. 🔵 The training gap: Best practices are still being invented. How many blockchain "hops" for sanctions screening? What's "sufficient liquidity" for listing? Banks need practical guidance, not generic courses or developer training. 🟢 The bottom line was that the EU banking sector is active in digital assets, but implementation is uneven. This is a market-wide coordination challenge requiring forums like this to surface real bottlenecks and build solutions together. At BlackVogel, we operate at the intersection of regulation, strategy, and execution, supporting institutions as they navigate this across jurisdictions. 🐦⬛ 📄 Full report dropping here: https://lnkd.in/eSVJbBBJ Thank you to all the speakers Aaron Evencio Sanchez (Exponential Science) Alexandra Lloyd LL.M (YouHodler)Alexandre Passialis (#TheMerode) Hugo Ortiz Dubon (NORM), Juan Ignacio Ibañez (#MCA) Magnus Jones (Nordic Blockchain Association) Mariana de la Roche Wills (#BlackVogel / DAAvern), Miguel Vaz (HAUCK AUFHÄUSER ASSET SERVICING) Nithya Sridharan (TP ICAP) Pablo Portugal (Euroclear) and Peter Kerstens (European Commission) Thank you to all our expert participants: Aliyyah Ahad (Government of Bermuda) Andrej Vrabic (Banka Slovenije) Beatrice Fares (Bocconi University) Bouchra Kostet, Christof Bischofberger (Austrian central bank) Fabian Vandenreydt, Guglielmo Gazzaniga (Swiss Finance Council) Hannes Claut (V-Bank AG) Lewin Boehnke (Crypto Finance Group) Niccolo Pagani (Standard Chartered) Pascal Schafhauser (Embassy of Lichtenstein) Pavlina Proteou (ChainComply) and Rafaella de Lima Cossart Thank you Gilles Valer Njaheut for the pictures 🙏