Wyden

In our latest article we turn our attention to regulatory developments in #Turkey. The new Draft Bill on #Cryptoassets is in the process of clearing parliamentary approval, and will impose broad obligations, such as licensing, the prevention of market abuses, and the requirement for formal written contractual agreements with customers. However, in contrast to #MiCA, it falls short of issuing explicit provisions in areas such as best execution, record keeping or IT system requirements. What does this mean for #CASPs in Turkey? Our article examines: ✅ The requirements imposed by the bill ✅ The future impact ✅ How CASPs serving Turkish customers can set themselves up for a compliant crypto asset service offering.  Read our assessment on the Wyden blog: https://lnkd.in/dyBt39H8 Andy Flury Felix Saible Marc Heissenbüttel Stuart Petersen Mimoza Selmani Juan Rodriguez Juan Sánchez, PMP Theo Woik Esin Attorney Partnership Kevin Sommer Bartosz Wójcik Brandon Le Sann Buncak Hayri Saykam

We are proud to be a partner of the Adan Annual Study on Web3 and cryptocurrencies among many great names in the industry such as DELUBAC & CIE, Groupe Caisse des Dépôts, Ripple, Bitpanda, Cube3, Fireblocks, Hexarq, Keytrade Bank & Truffle Capital. Taking place on April 10th at the Ministry of Economy, our CEO Andy Flury will be among the panelists, contributing to discussions on the future of digital assets.   Stay tuned for more updates from us soon.

Wyden at DAS 2025 – Starting Tomorrow! The Digital Asset Summit 2025 kicks off tomorrow in New York, and Wyden is excited to be part of the action! Kelly Pettersen, our Head of Sales for UK, Southern Europe, and LatAm, will be there and ready to engage in meaningful conversations on the latest trends in digital assets and institutional trading. If you're attending the event and would like to connect with Kelly, don’t hesitate to reach out! Looking forward to an exciting few days and the opportunity to connect with industry leaders! #DAS2025 #Wyden #DigitalAssets #InstitutionalTrading

(Almost) the entire Wyden team on one photo! #soproud So to our staff & Wyden tribe: You made our company event a blast. We would be nowhere without you. And only because of you we shape the future of institutional digital asset trading. THANK YOU ❤️💙

Navigating the MiCA Transition in Portugal: Legislative Delays Hamper CASP Licensing Portugal’s transition to the EU’s Markets in Crypto-Assets Regulation (MiCA) has been delayed due to a stalled domestic legislative process, leaving CASPs in limbo. While MiCA became fully applicable in December 2024, the Portuguese government has yet to appoint a regulator to oversee CASPs, meaning it's not yet possible to obtain a MiCA CASP license.  Key Developments:  - Legacy Regulation: Before MiCA, Portuguese CASPs came under the umbrella of the EU’s Anti-Money Laundering Directive, requiring CASPs to register with the Bank of Portugal. - MiCA Compliance Delays: As of early 2025, neither the Bank of Portugal nor the Portuguese Securities Exchange Commission (CMVM) has been designated as the official MiCA regulator, halting new CASP licensing.  - Article 60 Exemptions: EU-regulated financial entities can use a simplified notification procedure under MiCA. However, Portuguese institutions must wait for a designated regulator before notifications can be processed.  - Transitional Provisions: CASPs registered in Portugal before December 2024 can continue operating under their existing registration. If no local ruling is made, MiCA’s default transitional period extends to mid-2026.  Despite these uncertainties, Portugal remains a promising market. With 12% of the population already holding cryptocurrencies and strong interest in digital assets, the sector is poised for growth once regulatory clarity is established.  As Portugal’s MiCA transition unfolds, Wyden is here to support banks, brokers, and CASPs in building scalable, compliant digital asset businesses.  Read more about Portugal’s MiCA transition and opportunities: https://lnkd.in/dNAetxAd Klaudia Kuklińska Felix Saible Stuart Petersen Kevin Sommer Leona Chen Kelly Pettersen Babile Keita Andy Flury Andrea Natalia Tarantini Juan Sánchez Mimoza Selmani

Wyden's Stuart Petersen Onstage at This Year's CAC Event We are thrilled to announce that Stuart Petersen, our Chief Revenue Officer, will deliver a keynote speech at this year's Crypto Assets Conference 2025 (#CAC25A) in Frankfurt on March 26, 2025.  Stuart's talk will delve into #MiCA, #DORA, and the future of regulated digital asset trading – thereby providing invaluable insights for banks and brokers considering entering the digital asset markets. With MiCA and DORA regulations reshaping the financial landscape, this session is a must-see for industry professionals aiming to stay ahead.  Don't miss this opportunity to gain expert perspectives on navigating the evolving regulatory environment and its impact on digital asset trading.  Secure your spot at #CAC25A by registering here: https://lnkd.in/gVMHgr_m Or reach out to Stuart Petersen directly in case you want to connect! Felix Saible Kevin Sommer Kelly Pettersen Klaudia Kuklińska Mimoza Selmani tradias Juan Rodriguez Theo Woik Andy Flury Babile Keita Leona Chen Victoria Luisa Keller

Wyden x Crypto Finance AG – Expanding Access to Regulated Digital Asset Markets  We’re excited to announce that Wyden has integrated Crypto Finance Group, part of Deutsche Börse Group, into its liquidity network, giving institutional investors seamless access to deep liquidity and highly competitive pricing.  This collaboration empowers banks, brokers, and financial service providers to leverage Wyden’s end-to-end digital asset trade lifecycle platform while ensuring full #MiCA compliance. As Europe transitions to MiCA, partnerships like this play a crucial role in strengthening digital asset markets and expanding institutional adoption.  “For institutional investors, regulatory clarity, efficiency, and security are critical when trading digital assets. With this integration, we provide seamless access to highly liquid markets while ensuring the highest standards of compliance and execution quality.” – Mike Schwitalla, Head of Clients and Market Access at Crypto Finance AG Read the full announcement: https://lnkd.in/dzZ9YPpz #DigitalAssets #InstitutionalTrading #CryptoFinance #Wyden #MiCA #LiquidityNetwork #Fintech #Innovation #FinanceTransformation Andy Flury Felix Saible Marc Heissenbüttel Stuart Petersen Rémy MC Kevin Sommer Kelly Pettersen Babile Keita Mimoza Selmani Juan Sánchez Theo Woik

We're excited to announce that Kelly Pettersen, Head of Sales UK, Southern Europe and LatAm, will be attending the Merge Digital Asset event in Buenos Aires taking place on March 24-26! Kelly is looking forward to connecting with professionals across the Argentinian and broader LatAm digital asset sector, exploring the latest trends in institutional digital asset trading, and discussing how the adoption of digital assets continues to evolve in the region.  If you’re attending Merge and would like to meet, feel free to reach out to Kelly directly or contact us to arrange a meeting. Looking forward to insightful discussions in Buenos Aires!  #Wyden #DigitalAssets #Crypto #LatAmCrypto MERGE Madrid & Buenos Aires Leona Chen Stuart Petersen Kevin Sommer Victoria Luisa Keller Felix Saible Babile Keita Andy Flury Mimoza Selmani Andrea Natalia Tarantini

February was the most challenging month for Bitcoin since June 2022, reflecting broader market volatility following President Trump's inauguration in January. However, a recent announcement regarding the inclusion of cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Cardano in a proposed U.S. strategic crypto reserve has rejuvenated digital asset markets.  This development has led to a significant surge in cryptocurrency prices, with Bitcoin climbing over 20% from last week's lows, reaching approximately $93,057.  The US government's reserve announcement could mark a pivotal shift in the financial landscape, particularly if it precedes the anticipated regulatory overhaul that will bring much-needed clarity to the US institutional digital asset markets.