January 2026 – As the European financial market undergoes a major digital transformation, the implementation of the Markets in Crypto-Assets Regulation (MiCA) stands out as a defining milestone. By introducing a harmonised legal framework, the EU is transforming from a frag mented regulatory landscape into the world’s largest single market for regulated digital assets.
For crypto-asset service providers (CASPs) and institutional investors, this shift offers a “single passport”, legitimising the industry and enabling growth. Yet the practical application of these rules varies across Member States, influenced by differences in administrative capacity, supervisory culture, and national legal traditions. Choosing a “home” jurisdiction is no longer a mere compliance formality; it has become a strategic business decision with implications for efficiency, speed-to-market and scalability
This publication provides a comprehensive overview of the regulatory landscape across the CEE region and other Kinstellar jurisdictions—Austria, Bulgaria, Croatia, the Czech Republic, Hungary, Kazakhstan, Romania, Serbia, Slovakia, Turkey, Ukraine and Uzbekistan. It is designed to assist prospective MiCA applicants in looking beyond the statutory framework and assessing the practical considerations that influence “forum shopping” within the EU, as well as the corresponding regimes in key non EU markets. Our goal is to deliver the commercial insight necessary to manage regulatory risks, navigate local complexities, and identify the jurisdiction that best supports your strategic objectives in the new era of regulated crypto assets.
Click on the image below or use this link to read our overview in English.
