MiCAR trifft PSD2: Warum E-Geld-Token plötzlich doppelt reguliert werden | ALLES LEGAL #138
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MiCAR meets PSD2: Why e-money tokens are suddenly subject to dual regulation | ALLES LEGAL #138

Since the end of the EBA transitional period in March 2026, many crypto-asset service providers have had to assess whether, in addition to MiCAR, they also require a PSD2 or national payment services licence. In this episode, Kemal Ahmedi explains why crypto regulation and payment services law overlap and what this means for business models and licensing strategies.
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MiCAR erklärt: Was die neue Krypto-Regulierung für Unternehmen verändert | ALLES LEGAL #137 MiCAR explained: How the new crypto regulation is changing the market | ALLES LEGAL #137
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MiCAR explained: How the new crypto regulation is changing the market | ALLES LEGAL #137

With MiCAR, the EU is introducing its first harmonised regulatory framework for crypto-assets. In the latest episode of “Alles Legal – Fintech-Recht kompakt”, Kemal Ahmedi from Annerton explains which companies will require a MiCAR licence, why stablecoins are subject to stricter regulation and how the EU passport could reshape the European crypto market.
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