Global law firm launches MiCA compliance tool as crypto companies navigate new EU rules
Reed Smith launched Aquarius, an automated compliance platform to help crypto companies meet EU MiCA requirements. The system handles crypto-asset classification, white paper generation, due diligence, and ESG disclosures, with planned expansion to the UK, UAE, Hong Kong, and Singapore. The tool targets firms entering or expanding in the European market as MiCA’s transition period ended on July 1, bringing full licensing, consumer protection, and operational rules into force across the EU. MiCA compliance remains difficult despite the harmonized framework. ESMA has begun reviewing authorized crypto service providers, focusing on client-asset safeguards and operational risk. Custodians also face continuing scrutiny over cybersecurity, governance, and asset protection. EU policymakers may also revisit stablecoin rules, including limits on non-euro-denominated issuance.
