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D&A Partners | Crypto, AI & Digital Law

D&A Partners | Crypto, AI & Digital Law

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WHO IS YOUR COUNSEL IN THE DIGITAL ERA? Introducing CryptoMap by D&A Partners: https://cryptomap.io Your ultimate tool for choosing the best jurisdiction to launch and grow your crypto venture.

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🌎 Our partners, Ekaterina Bronsky and Yuriy Brisov, were invited to attend Proof of Talk 2026, which took place on 2–3 June in Paris in the truly spectacular setting of the Louvre. Today, we’re sharing a few highlights from the conference, some photos from the event, and a video from our partners discussing the most interesting developments currently shaping the future of digital assets. Here are our key takeaways: 1️⃣ Blockchain is rapidly converging with traditional finance and regulators. Many projects no longer aim to replace the banking system, they want to become part of it. 2️⃣ The DeFi movement is increasingly becoming the industry’s outsider. Projects that continue to champion the original blockchain philosophy (private ownership, privacy, and the minimisation of intermediaries) now represent a smaller but highly committed camp. 3️⃣ Stablecoins have evolved far beyond simple payment instruments. Deposits, lending, and investment products built on stablecoins are now becoming mainstream discussion topics. The United States is at a crossroads: the proposed CLARITY Act could open the door for stablecoins to enter traditional banking, while some representatives of capital markets warn that this could create entirely new systemic financial risks. 4️⃣ One point united most speakers:
tokenisation is likely to become one of the defining financial trends of the next three to five years.
Real estate, funds, bonds, equities, and many other assets are gradually moving into digital form, with ownership records increasingly linked to NFT-based infrastructure. 5️⃣ AI-powered payment agents, autonomous trading systems, and other AI-driven blockchain applications are no longer experimental concepts. Many experts expect significant adoption of agent-based payment solutions within the next three years. 6️⃣ Interest in new Layer-1 blockchains and mining continues to decline. The industry’s focus is shifting towards infrastructure, interfaces, compliance, and user experience. 7️⃣ Regulatory fragmentation remains one of the sector’s biggest challenges. Europe, the US, Singapore, Hong Kong, the UAE, and Latin America are all developing their own regulatory approaches. Businesses are trying to build global products on top of this increasingly complex patchwork, while calls for greater regulatory harmonisation grow louder. 🔈 Our overall impression? The industry is maturing — much like the average attendee at a Web3 conference 😅🤪. Yet the debate about its future remains unresolved. One vision sees blockchain fully integrated into the global financial system. Another argues for a return to the decentralisation principles on which the industry was originally built. There is no clear winner yet. And that’s exactly why Web3 remains so fascinating to watch. Enjoy the video and let us know your thoughts (if any)))

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🌎 May 2026: The Month Crypto Regulation Turned Into Enforcement May 2026 drew a clear line: the era of debating whether to regulate crypto is over – now it's about how strictly to regulate it. This month, eight jurisdictions moved digital assets from policy discussion into binding law, across enforcement, payment infrastructure, new licensing regimes, and criminal liability. May Highlights: 🇪🇺 European Union: The European Commission opened a formal consultation on May 20 to review and potentially revise MiCA, focusing on stablecoins, DeFi, disclosure requirements, and obligations for crypto service providers. 🇬🇧 United Kingdom: On May 26, the UK sanctioned 18 entities – including Huobi (HTX) – applying banking-style compliance rules (Regulation 17A) to crypto exchanges for the first time. The measures target Russia-linked networks used to circumvent financial restrictions. 🇺🇸 United States: On May 19, President Trump signed an executive order directing the regulators to evaluate direct payment infrastructure access for fintech and crypto firms. The Fed subsequently proposed a new restricted-account framework for eligible non-bank entities. 🇰🇿 Kazakhstan: A comprehensive digital asset law came into force on May 1, extending crypto regulation for the first time beyond the Astana International Financial Centre (AIFC) to the full jurisdiction. The law introduces mandatory licensing for crypto exchange operators, formal regulation of stablecoins and tokenised assets, and a split of supervisory authority between the National Bank of Kazakhstan (crypto exchanges, unsecured assets, and stablecoins) and the ARDFM financial regulator (digital financial assets, including tokenised RWAs). 🇷🇺 Russia: On May 27, the State Duma passed on first reading a bill criminalising illegal cryptocurrency mining. Operating without registration faces fines of up to 1.5 million rubles; violations involving organised groups or large-scale income carry fines up to 2.5 million rubles or up to five years in prison, with mandatory asset confiscation. 🇷🇼 Rwanda: Parliament unanimously passed a Virtual Assets law that establishes mandatory licensing for VASPs, AML/CFT obligations, and minimum capital requirements, replacing years of blanket restrictions with a formal regulatory framework. 🇰🇷 South Korea: On May 7, the National Assembly passed amendments to the Foreign Exchange Transactions Act requiring all businesses offering cross-border virtual asset transfer services to register with the Ministry of Economy and Finance. Stablecoins used in cross-border transactions are classified as "means of payment" under the Act. The law takes effect approximately six months after promulgation. Stay ahead of the curve with our latest CryptoMap Monthly Digest. Check out the full breakdown here! 🚀
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🚀 Big news from the RegTech world The results of the RegTech Insight Awards Europe 2026 are in — and CryptoMap by D&A Partne
🚀 Big news from the RegTech world The results of the RegTech Insight Awards Europe 2026 are in — and CryptoMap by D&A Partners💰 took the top spot in the category "BEST REGTECH START UP FOR INSTITUTIONAL MARKETS." This isn't a win we take lightly. The award goes through a rare double filter: first a public vote across the RegTech community, then a final call by an independent advisory board of C-level executives from Deutsche Bank, Vanguard, and Bank of America. Passing both means CryptoMap convinced the crowd and the people who shape institutional regulation. 🌎 So what is CryptoMap? CryptoMap is a RegTech start-up built to solve one of the most persistent challenges for institutional and capital markets participants in digital assets: navigating fragmented, fast-changing, jurisdiction-specific regulatory regimes. Crypto activity sits under overlapping frameworks — financial services regulation, AML/CFT, licensing, tax rules, securities law — that differ sharply across borders and evolve rapidly. In the EU alone that means MiCA, AMLD and national supervisory guidance, on top of global developments beyond Europe. Traditional approaches fall short. In-house teams rarely have the resources to monitor dozens of jurisdictions; external consultancy is high-quality but expensive, slow to update, and impossible to scale for iterative decisions. The result is real risk: delayed market entry, suboptimal jurisdictional choices, and exposure to enforcement. Here's the innovation. CryptoMap converts expert regulatory reasoning into structured logic, jurisdictional mappings, automated workflows and continuously updated datasets, maintained by a dedicated team of legal and compliance specialists. You move through a structured questionnaire: business activity, token classification, licensing readiness, capital structure, governance model, risk appetite; and CryptoMap analyses regulatory frameworks and supervisory practice across jurisdictions to identify the right pathways. The output is a customised, jurisdiction-specific report covering applicable laws, licensing requirements, supervisory authorities, expected timelines, compliance obligations, and key risks. Not one-off advice — a repeatable, auditable, scalable product. 🔥 Who it's for → Entering a new market. Compare jurisdictions on consistent criteria and documented assumptions, then choose your path before you commit. → Launching a product or token. See exactly which regimes apply to your model and what regulators expect — defensible decisions from day one. → Legal & compliance teams stretched thin. Work that took weeks of research and multiple consultancy engagements now takes hours, on a consistent methodology. → Board-level and governance decisions. Structured, comparable, auditable output that stands up to scrutiny in highly regulated markets. → Budget-conscious market entry. Institutional-grade analysis at a fraction of the cost — reports once priced in the tens of thousands of dollars, now productised without losing depth. The payoff across all of these: lower enforcement and licensing risk, faster decisions, and advisory spend focused on execution rather than exploratory research. ✅ See it for yourself The best way to understand CryptoMap is to use it. Explore the platform at https://cryptomap.io and see how institutional-grade regulatory intelligence works from the inside.
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For that reason, it is increasingly prudent for protocols to determine governing law and jurisdiction in advance rather than wait for courts to characterize the legal relationship on their own terms. For builders and investors operating in DeFi, this scenario should already be part of the product’s legal architecture. Technical design alone is no longer sufficient — the legal layer matters just as much. ✅ Full article here.
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🔈 Freeze Does Not Mean Recovery: The Kelp DAO Case and Ownership Rights Over Stolen Crypto Cointelegraph Magazine has published a feature on the emerging legal risks in DeFi, featuring commentary from 👍 partner Yuriy Brisov. DeFi continues to evolve rapidly: new bridges, restaking protocols, oracles. There is no central operator — no one to freeze your account. But security audits struggle to keep pace with product releases, and hackers are exploiting that gap. When funds are stolen from a centralized service, the playbook is familiar: exchanges freeze assets, law enforcement steps in, and recovery efforts begin. In DeFi, however, there may be no one capable of freezing assets at all. And even when assets are frozen, a deeper legal question emerges: on what basis are they actually returned to the original owner? The latest example is the Kelp DAO case. In April 2026, hackers linked to the North Korean Lazarus Group siphoned approximately $293 million from Kelp DAO through the LayerZero bridge. Arbitrum’s Security Council managed to freeze 30,765 ETH — roughly $71 million. But the frozen funds were not immediately claimed by the victim of the exploit. Instead, US law firm Gerstein Harrow asserted claims over the assets on behalf of plaintiffs holding more than $877 million in terrorism-related judgments against North Korea. Their argument was straightforward: 👇the hackers are linked to Lazarus; 👇Lazarus acts on behalf of the DPRK regime; 👇the frozen ETH therefore constitutes DPRK property; 👇accordingly, the assets may be seized to satisfy outstanding judgments against North Korea. Aave LLC subsequently filed an emergency notice asking the court to allow part of the frozen funds to be transferred into wallets under its control for safekeeping. The court granted interim relief, permitting the transfer of the $71 million to an Aave-controlled wallet. However, the restraining notice imposed at the request of DPRK judgment creditors was not fully lifted. The assets remain legally restrained, and the dispute over ultimate ownership is still ongoing. The case has exposed a direct collision between two legal doctrines. 1️⃣ TRIA (Terrorism Risk Insurance Act) and FSIA §1610(g) allow holders of judgments against “terrorist states” to seize overseas assets belonging to those states. A similar framework was used in Bank Markazi v. Peterson, where creditors gained access to Iranian assets in the US. 2️⃣ The common law principle of nemo dat quod non habet — no one can transfer better title than they possess. A thief cannot obtain legal ownership over stolen property and therefore cannot transfer ownership to a state. This principle fundamentally weakens the plaintiffs’ position: TRIA only applies to assets genuinely owned by the terrorist party itself. What matters for DeFi users: 1️⃣ Freezing does not equal recovery. A technical freeze is only the beginning of a separate legal process running in parallel with third-party claims. 2️⃣ Between the victim and the frozen assets, there may stand prior court judgments, tax claims, sanctions enforcement or other legal encumbrances — all of which may override purely technical recovery efforts. 3️⃣ A protocol filing claims in its own name may expose the entire project to jurisdictional risks. By appearing before a New York court, Aave LLC effectively subjected the DAO structure to US jurisdiction. 4️⃣ Attribution has legal consequences. If the attacker is connected to a sanctioned jurisdiction, frozen assets may become the subject of competing claims between multiple groups of creditors. ❗️ The conclusion is deeply paradoxical. DeFi was originally positioned as a space insulated from traditional legal structures through decentralization. This case demonstrates the opposite: the more serious the incident, the faster protocols end up in conventional courts. In practice, DeFi without contracts, jurisdiction or legal wrappers works only until the first major dispute. After that, courts apply ordinary legal principles.
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A $70M DAO vote just collided with a U.S. federal court order, and the legal question now overshadows the technical one. Arbitrum DAO has approved the release of 30,765 ETH (~$70M) frozen after the Kelp DAO rsETH exploit, with funds set to flow to a recovery multisig run by Aave, KelpDAO, EtherFi, and Certora. But a restraining notice filed in the Southern District of New York — brought by plaintiffs holding unpaid judgments against North Korea, who argue the assets are DPRK property tied to the Lazarus Group — could put anyone in the execution chain in serious legal jeopardy. Decrypt asked Yuriy Brisov, Partner at Digital & Analogue Partners💰, what the restraining notice actually means for execution. His verdict: "Technically possible, but practically suicidal for anyone whose name is on the execution." Citing Aspen Industries v. Marine Midland Bank and CPLR §5251, Yuriy explains that ignoring a restraining notice is punishable as contempt — and the standard indemnity covering DAO contributors does not extend to contempt liability. The private keys still sign. The chain doesn't care about a New York court. But every identifiable person in the execution chain now has actual knowledge of the order. Yuriy also flags a structural takeaway that outlives this single dispute: the Security Council's April freeze "proved a control point exists", and future plaintiffs now have a roadmap for similar claims, regardless of how this case resolves. ✅ Read the full story on Decrypt.
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🌎 April 2026 marked the shift from “frameworks in motion” to real regulatory execution From Australia locking in a full licensing regime to Hong Kong issuing its first stablecoin licences, jurisdictions are no longer testing the waters — they’re building enforceable systems. The April Highlights: 🇦🇺 Australia: Passed the Digital Assets Framework Act, bringing platforms under financial services licensing (AFSL) with clear rules for custody, governance, and disclosures. 🇦🇪 UAE: Introduced an updated comprehensive federal VASP regime with strict licensing, capital requirements, and outright bans on certain token types. 🇦🇪 Dubai: VARA clarified token issuance rules, tightening requirements for stablecoins and RWAs. 🇭🇰 Hong Kong: Issued its first stablecoin licences to major banks, signalling an institutional-first approach to crypto adoption. 🇺🇿 Uzbekistan: Launched “Besqala Mining Valley” with tax exemptions until 2035 to attract large-scale mining infrastructure. 🇵🇰 Pakistan: Reopened banking access for licensed crypto firms under strict compliance and segregation rules. 🇬🇮 Gibraltar: Moved to legalise tokenised fund shares using DLT-based shareholder registers. 🇰🇷 South Korea: Tightened withdrawal rules to combat fraud, drastically limiting exemption eligibility. Stay ahead of the curve with our latest CryptoMap Monthly Digest. Check out the full breakdown here! 🚀
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Understanding how crypto is regulated in the US has long been a challenge — overlapping jurisdictions, inconsistent enforcement, and more questions than answers. But in 2026, the landscape is finally starting to take shape, with regulators moving toward a more structured and predictable framework. In his new article, Yuriy Brisov, Partner at D&A Partners💰, offers a clear and practical “map” of US crypto regulation — breaking down the latest developments from the SEC and CFTC, key legislative acts, and what they mean in practice for founders, investors, and legal teams. Read the article 👇
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🔈 Tron Founder Justin Sun Sues Trump-Backed Crypto Project The crypto world is watching a high-stakes legal showdown as Justin Sun files a federal lawsuit in California against World Liberty Financial, the DeFi venture backed by the Trump family. As World Liberty's largest token holder with a $75 million investment, Sun alleges the project froze his tokens, stripped his governance rights, and even threatened to destroy his holdings without notice. The dispute reportedly stems from a wallet blacklist triggered in September after Sun moved a portion of his WLFI tokens—an action the project claims violated investment terms. In a featured commentary for Decrypt, Yuriy Brisov, Partner at Digital & Analogue Partners💰, highlights the legal vulnerabilities of projects that market themselves as decentralised while retaining "hidden" admin controls. Brisov notes: "The defensibility weakens sharply when a token is marketed as a decentralised ownership stake, but the contract grants an admin power to confiscate unilaterally." He further emphasises that under consumer-protection laws, such significant powers must be disclosed in "clear and conspicuous" plain language that a reasonable investor would actually read. ✅ Read the full analysis and details of the lawsuit here.
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The UK just took a major step toward a full crypto regulatory framework. The FCA has launched a consultation covering seven key activities — from stablecoin issuance and trading platforms to custody and staking — with final rules expected this summer and the regime going live in October 2027. What does the activity-based regulatory perimeter mean for crypto businesses? Where does DeFi fit in? And what role will banks play in the new landscape? Read the commentary by Yuriy Brisov, Partner at Digital & Analogue Partners💰, in Decrypt's latest coverage 🚀
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🔈 Zondacrypto’s collapse and the MiCA deadline: what crypto businesses need to know 🔹 Poland’s largest crypto exchange has
🔈 Zondacrypto’s collapse and the MiCA deadline: what crypto businesses need to know 🔹 Poland’s largest crypto exchange has effectively lost its clients’ funds. According to Polish media, Zondacrypto’s Bitcoin reserves dropped by 99%. ❓ How is this still possible in the European Union in 2026? Because Poland still hasn’t implemented the rules designed to prevent exactly this. MiCA — the Markets in Crypto-Assets Regulation — is the EU’s first unified framework imposing on crypto firms the kind of requirements that traditional finance has had for decades. How Poland ended up here 🔹 Before MiCA, Poland was one of the easiest entry points into the European crypto market. A VASP registration took two weeks through the Tax Chamber’s register. No capital requirements. No governance standards. No substance obligations. 🔹 The result: over 1,400 registered entities, a significant share of which were empty shells — registered under nominee directors and resold as ready-made “European crypto status.” 🔹 When MiCA entered into force, Poland needed to pass national legislation and designate its financial supervisor, KNF, as the competent authority for licensing. Instead, the President vetoed the bill. Twice. 🔹 The government argued that the crypto sector had been infiltrated by over 100 entities from Russia and Belarus, using digital assets to evade sanctions. The President countered that the law was too heavy-handed and would kill innovation. Parliament failed to override the veto. Why this matters right now 🔹 July 1, 2026, is the hard deadline for the end of the MiCA transitional period, as set out in the EU regulation itself. Every company without CASP authorisation — the full MiCA license covering capital requirements, compliance, and client asset protection — must cease operations. 🔹 No national regulator can extend this deadline. 🔹 New VASP registrations in Poland have been closed since October 2025. Polish companies cannot apply for CASP authorisation either — KNF has no mandate to accept applications. The market is formally open but practically dead for anyone who hasn’t already secured a license elsewhere. 🔹 Meanwhile, major players operate freely in Poland through MiCA passporting: Coinbase under its Luxembourg license, Revolut under its Cyprus authorisation. They serve Polish clients without depending on the local regulator. Polish companies have no such option — no license, no pathway to obtain one, and weeks until the forced shutdown. The key takeaway for crypto businesses 🔹 The Zondacrypto crisis is precisely the kind of disaster MiCA was designed to prevent: an exchange with no real capital or custody requirements, and the loss of client funds. And Poland’s paralysis is a textbook case of what happens when a country fails to implement the new rules in time. 🔹 The CASP authorisation process takes months, from selecting a jurisdiction to passing regulatory review. Less than three months remain before the deadline. 🔹 If your crypto business is tied to a jurisdiction where MiCA implementation has stalled, there is no more time to wait. ✅ Get in touch with @dnapartners_bot—we’ll guide you through the full path to authorisation.
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🔈Russia is moving fast on crypto regulation, and many businesses are not ready. 🔹 The Ministry of Finance is preparing a new framework expected to come into force as early as July 1. The direction is clear: bring crypto flows under domestic control and limit access to foreign platforms. ❗️ As noted by Yuriy Brisov, Partner at Digital & Analogue Partners💰, Russian users currently pay around $15 billion annually in fees to overseas crypto exchanges. This is exactly the value the state is trying to redirect into the local system. 🔹 The proposed model includes mandatory licensing for crypto platforms, restrictions or blocking of foreign exchanges, and a bank-centric infrastructure for crypto trading. For compliant businesses, this changes the landscape quite significantly. 🔹 We already see a typical reaction. Businesses are concerned about sanctions exposure, reassessing operational risks, and actively looking for alternative jurisdictions. At the same time, relocation is not simple. 🔹 Some jurisdictions are not ready to absorb large inflows of capital from Russia, especially those that have already received FATF warnings, such as Kazakhstan and the UAE. Others face their own sanction risks, for example, Kyrgyzstan. 🔹 This leaves a narrow set of realistic options and increases pressure on businesses to act early rather than react later. 🔹 The key question is whether tighter control will increase transparency or push activity further into decentralised and offshore channels. ✅ The full article with Yuriy Brisov’s commentary is here.
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🌎 March 2026 was the month the "regulatory fog" finally started to clear From a historic peace treaty between the SEC and CFTC to Australia’s move toward full licensing, the rules of the game have changed. If you are navigating the digital asset space, these updates are non-negotiable. The March Highlights: 🇺🇸 The "Big Win": The SEC & CFTC agreed that BTC, ETH, SOL, and XRP are not securities, introducing long-awaited safe harbours for staking and airdrops. 🇦🇺 Australia: The Senate is advancing a comprehensive licensing regime for crypto platforms. 🇦🇪 Dubai: VARA launched new rules for exchange-traded derivatives (ETDs). 🌎 Global Shifts: The US Senate restricted CBDCs, while the UK and Canada moved to ban crypto political donations. Stay ahead of the curve with our latest CryptoMap Monthly Digest. Check out the full breakdown here! 🚀
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🌎The "Blockchain Island" era is dead. So, where do you actually build in 2026? 🔹 You may have seen jurisdiction guides for Web3 projects. Most of them are outdated the moment they are published. Yuriy Brisov's💰 new piece on Lexology does something different. It explains why the old map is wrong and what replaced it. 🔹 Malta's "Blockchain Island" produced zero full-service VASP licences. The Bahamas' regime collapsed under the weight of FTX. El Salvador's Bitcoin experiment was quietly constrained by IMF conditionality. The jurisdictions that dominated founder conversations in 2017–2021 are now case studies in regulatory fragility. 🔹 The 2026 landscape has converged around six jurisdictions — the US, EU, UK, UAE, Hong Kong, and Singapore — each suited to fundamentally different project types. The distinctions matter enormously. The US has pivoted from enforcement to architecture: the SEC dropped over 60% of its crypto cases, the DTC received approval to tokenise Russell 1000 securities, and the CLARITY Act offers a developer safe harbour for DeFi — if genuine decentralisation criteria are met. The difference may come down to a single admin key or a single fee switch. 🔹 The EU took a different path. DAC8 collapses the centralised/decentralised distinction entirely. 🔹 The article maps STOs, stablecoins, DAOs, DeFi, and SAFT/SAFE structures to the jurisdictions that actually fit each. Essential reading for anyone making structural decisions this year. Read the full analysis here ✅
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Most crypto reports describe jurisdictions. This one was built inside one.🔥 We’ve just released our Cayman Crypto Report on
Most crypto reports describe jurisdictions. This one was built inside one.🔥 We’ve just released our Cayman Crypto Report on CryptoMap — and it’s fundamentally different from a typical legal overview. This is not a compilation of public sources or a desk-based analysis. It’s the result of direct work: 🔹 with the Cayman regulator 🔹 with businesses already operating in the jurisdiction 🔹 with local practitioners 🔹 in collaboration with Cayman-based firm NXT Law We didn’t just study the framework. We discussed it with those who shape and apply it in practice. Inside the report: 🔹 real-world structuring insights from companies already operating there 🔹 licensing and registration approaches for different business models 🔹 how VASPs, funds, and token issuance are treated in practice 🔹 key regulatory expectations and pressure points We tested assumptions, clarified grey areas, and worked through scenarios that rarely make it into public guidance. This is our know-how approach: legal analysis built through direct dialogue with regulators and market participants. If you’re considering Cayman, don’t rely on generic summaries. Head to CryptoMap and explore the full report 🚀
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Last week at Church House Westminster in London, Yuriy Brisov, Partner at D&A Partners💰, received the Lexology 2026 Client C+2
Last week at Church House Westminster in London, Yuriy Brisov, Partner at D&A Partners💰, received the Lexology 2026 Client Choice award in the Banking & Fintech — Blockchain category as the best lawyer in England! This recognition reflects client feedback that values Yuriy’s practical approach, deep expertise, and reliability. We sincerely congratulate Yuriy and are proud of this achievement. Thank you to our clients for your trust, and to Lexology for making the market more transparent and stronger 🚀🌎
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Last week at Church House Westminster in London, Yuriy Brisov, Partner at D&A Partners💰, received the Lexology 2026 Client C+1
Last week at Church House Westminster in London, Yuriy Brisov, Partner at D&A Partners💰, received the Lexology 2026 Client Choice award in the Banking & Fintech — Blockchain category as the best lawyer in England! This recognition reflects client feedback that values Yuriy’s practical approach, deep expertise, and reliability. We sincerely congratulate Yuriy and are proud of this achievement. Thank you to our clients for your trust, and to Lexology for making the market more transparent and stronger 🚀🌎
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Yesterday at Church House Westminster in London, Partner at D&A Partners Yuriy Brisov received the Lexology 2026 award as the+2
Yesterday at Church House Westminster in London, Partner at D&A Partners Yuriy Brisov received the Lexology 2026 award as the best lawyer in England in the Client Choice — Banking & Fintech — Blockchain category! As a team, we warmly congratulate Yuriy and are truly proud of this achievement. Thank you to our clients for your trust, and to Lexology for research that makes the market more transparent and stronger ❤️🌎
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❓ For a decade, crypto founders faced an impossible question: Are we dealing with the SEC or the CFTC? On March 17, 2026, both regulators answered — together. A joint 68-page statement, a shared taxonomy, and a revolutionary take on investment contracts. The turf war is over. Here's D&A partner Yuriy Brisov explains what it means for your project, your tokens, and your SAFT.
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🔈 When clarity creates new risks A new piece featuring D&A💰 partner Yuriy Brisov in Cointelegraph — on why the US Digital Asset Market Clarity Act may risk repeating Europe’s regulatory mistakes. In the interview, Yuriy reflects on the limits of comprehensive crypto regulation: why attempts to fit fast-evolving technologies like DeFi into rigid legal frameworks can quickly become outdated, how MiCA is already facing implementation challenges across jurisdictions, and what this could mean for cross-border projects and broader market development. It’s a useful perspective on where regulation helps — and where it may actually slow things down. Worth a read ✅
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