More than one year into MiCA, the European crypto regulatory framework is moving from theory to real-world implementation. A handful of CASPs are authorised, many are still operating under transitional regimes, and supervisors across Member States are applying the rules with varying interpretations.

In this Solidus Labs webinar, Delphine Forma is joined by Ana Carolina Carlos de Oliveira (Venga), Nathan Catania (XReg), and Tommaso Astazi (Blockchain for Europe) to unpack what is working, what is proving harder than expected, and what may change next.

The discussion covers:

• The practical realities of the MiCA licensing process
• Supervisory convergence vs. divergence across Member States
• Custody, prudential safeguards, and DORA challenges in practice
• The PSD2/EMT overlap and its operational consequences
• The debate around EU-level supervision for CASPs
• What firms must prepare for in 2026: supervision, reporting, audits, and strategic positioning