Regulation & MiCA
MiCA, licensing and tax rules across the Baltics and Nordics, explained clearly.
7 articles
Regulation
GENIUS Act - first US stablecoin law
The Guiding and Establishing National Innovation for U.S. Stablecoins Act, signed on 18 July 2025, brings 1:1 reserves, monthly reports and consumer protection. What does it mean for USDC, USDT and the European stablecoin market?
The GENIUS Act is the first US federal law regulating USD-backed stablecoins. Signed on 18 July 2025, it requires 1:1 reserves in safe assets (USD and T-bills), bans interest payments to holders, sets AML/KYC obligations and gives consumers priority in bankruptcy. In June 2026 US lawmakers reached a compromise on stablecoin yields that lifted Coinbase and Circle shares by 7% and 15% respectively. In this friendly explainer we walk through the key requirements, compare them with Europe's MiCA and show how the law affects Baltic and Nordic users.
toms-abeltins· 5 Jun 2026· 5 min read
Regulation
TÝR Markets - first Norwegian crypto-native MiCA CASP
On 18 May 2026 Týr Markets AS became the first Norwegian crypto-native company with a full MiCA Article 63 CASP licence. This is the biggest Nordic MiCA story of 2026. A deep look at the platform, Volven AS's seven-year technology journey, founder Filip Berg-Nielsen, the partnerships with Arctic Securities and StackXMe, and what it means for the NorriWire region.
On 18 May 2026 Norway's Finanstilsynet issued the first crypto-native MiCA Article 63 CASP licence in the country - the recipient is Týr Markets AS. This is the biggest Nordic crypto regulation story of the year: behind the exchange stands 25-year Oslo Stock Exchange market maker Filip Berg-Nielsen and the seven-year technology built at Volven AS. This article takes a detailed look at what TÝR Markets is, how it came to be, who runs it, the financials and partnerships, and what it means for Baltic and Nordic clients.
toms-abeltins· 28 May 2026· 11 min read
Regulation
Newrails (Ambr Payments) MiCA EURW Token Analysis
Dual-licensed EMI in Lithuania and VASP in Czechia, 2025 financial figures, owners, risks and fintech settlement rails
Comprehensive public-fact analysis of Newrails, UAB. Learn about ownership structure (Typhoon Wealth), 2025 financial performance, Monad EURW stablecoin rails, and our recommendation for B2B vs retail markets.
toms-abeltins· 25 May 2026· 6 min read
MiCA explainer
Zondacrypto & BB Trade Estonia Crisis: 4,500 BTC
Deep-dive analysis of the regions largest exchange collapse: partial suspension of VASP license, MiCA violations, financial irregularities, and fraud investigations surrounding $95 million in losses
Zondacrypto (BB Trade Estonia OÜ), which serves over one million clients, is facing an existential crisis. Estonia's FIU has partially suspended its license, revealing that 4,500 BTC is locked in a cold wallet whose only keys disappeared with the missing founder. This deep dive report compiles only verified facts.
toms-abeltins· 24 May 2026· 8 min readMiCA explainer
MiCA + PSD2 Dual Licence for Crypto Companies
Explanation of the dual MiCA CASP and PSD2 EMI licence model, real-world examples and competitive advantages for fintech companies in the Baltics and Nordics
The first MiCA + PSD2 dual licence (Paybis Europe, May 2026) marks a new era in EU crypto regulation. This guide explains what the dual licence means, which companies can qualify, and why it gives a significant competitive advantage in the fintech space.
toms-abeltins· 15 May 2026· 7 min readRegulation
MiCA CASP status in the Baltics and Nordics — mid-May 2026
Updated regional report on the 21 MiCA-licensed CASPs in the region
Eight days since our previous 2026-05-07 report, Paybis Europe became Latvia's third MiCA CASP (12 May) with the first MiCA + PSD2 EMI dual licence. Total MiCA CASP count in the Baltics and Nordics: 21.
toms-abeltins· 15 May 2026· 8 min readRegulation
Baltics and Nordics in the MiCA CASP Register — Status as of 7 May 2026
The ESMA Interim register currently lists 19 authorised CASPs in the eight target countries; Norriwire just added 11 new entries pulled directly from the official ESMA CSV
In the ESMA central MiCA register (CSV from 2026-05-07), the Baltics and Nordics hold 19 fully authorised CASPs — Lithuania 6, Finland 5, Denmark 4, Latvia 2, Sweden 1, Estonia 1; Norway and Iceland have none yet. The Norriwire seed has been refreshed with 11 missing entries, all HIGH confidence with a direct ESMA source.
toms-abeltins· 7 May 2026· 6 min read