Daniel Lo, Managing Director, General Manager, and Chief Legal Officer at Acheron Trading, joins host Delphine Forma to break down what it means to be the first MiCA-licensed crypto market maker in today’s regulatory climate.

In this episode, Daniel shares what drove Acheron to proactively secure a CASP license in the Netherlands, the operational and compliance challenges of being a lean trading firm navigating multiple jurisdictions, and what other crypto market makers can learn from Acheron’s transparency-first approach.

He also dives into:

• The pros and cons of the Dutch “twin peaks” regulatory model
  
  
• Comparing licensing journeys between the EU and Singapore
  
  
• How Acheron handles market abuse, DeFi exposure, and token due diligence
  
  
• Why compliance is no longer optional and how it enables long-term growth
  
  

Tune in for a thoughtful and refreshingly honest perspective from one of the most regulated names in market making.