From rulemaking to real-world compliance

Author:
Andreas Katelari
Senior Compliance Officer

Here’s what you need to know.

Q1 2026 marked a global shift from crypto regulatory design to implementation, supervisory convergence and integration into traditional financial frameworks. Across major jurisdictions, including the EU, US, Switzerland, Asia and Australia, regulators are moving beyond rulemaking toward operational enforcement, licensing and practical application.

This transition is taking place against a backdrop of continued volatility in cryptoasset markets, influenced by broader macroeconomic conditions and evolving global dynamics. These factors have reinforced regulatory focus on risk management, investor protection and financial stability, particularly in areas such as stablecoins, custody and market conduct.