Crypto-asset service providers (CASPs) — exchanges, custodians, wallet providers, and broker-dealers — operate under one of the most rapidly evolving regulatory environments globally. Vircon Legal advises crypto operators preparing for Turkish CASP licensing, EU MiCA registration, and US state-level compliance — from pre-license structuring through operational audit readiness.
Our CASP and crypto compliance practice covers:
- Turkish CASP licensing. Application strategy, qualification analysis, capital adequacy planning, governance structure, and submission management with the Turkish Capital Markets Board.
- Cross-border structuring. Multi-entity architectures spanning Türkiye, EU MiCA jurisdictions, US states, and offshore CASP-friendly jurisdictions — integrated with our fund structuring and M&A practices.
- AML / KYC and Travel Rule. Onboarding flows, transaction monitoring frameworks, suspicious activity reporting, and FATF Travel Rule compliance.
- Custody and asset segregation. Hot/cold wallet policy design, insurance arrangements, segregation of customer assets, and proof-of-reserves frameworks.
- Token launch and offering. SAFT structures, token classification analysis, sale documentation, and post-launch compliance — see also our Capital Markets practice.
- Smart contract and DAO governance. Legal wrappers for DAOs, smart contract audit coordination, and on-chain governance documentation.
- Stablecoin operations. Reserve attestation, redemption mechanics, and multi-jurisdictional issuance compliance.
- Regulator engagement and enforcement defense. Pre-application meetings, response to information requests, and enforcement proceeding defense.
For operators preparing their own initial license assessment, our CASP License Obligation Checklist walks through the key compliance pillars. We work with crypto-native startups, traditional financial institutions expanding into digital assets, and infrastructure providers building the backbone of the modern financial system.