Virtual Asset Regulatory Advisory

Who this is for

Exchanges, brokers, custodians, stablecoin and tokenisation projects, crypto-payment hybrids and the funds and corporates investing in them. Some are pre-launch and need to know which perimeter they fall into. Others are live and are dealing with a regime that has changed under them: MiCA, the UK cryptoasset regime, the Travel Rule or CARF.

What we do

• Perimeter and jurisdiction analysis. Whether your product is a regulated activity, where, and under which regime. Isle of Man Designated Business registration, MiCA CASP authorisation, the UK cryptoasset registration and the Channel Islands, Cayman and UAE regimes compared on fit, not marketing.
• MiCA implementation. Authorisation strategy, white-paper and disclosure requirements, prudential and safeguarding arrangements, conflicts, complaints and the governance a CASP is expected to show.
• Travel Rule. Policy, counterparty due diligence, vendor selection and the unhosted-wallet and sunrise-period decisions that most firms get wrong first time.
• CARF and CRS readiness. Scoping which products and customers are reportable, data and onboarding changes, and the reporting build ahead of the first exchange of information.
• Custody, stablecoins and DeFi. Regulatory mapping for custody models, reserve and redemption arrangements for stablecoins, and the AML and perimeter questions around DeFi-adjacent products.
• Blockchain analytics and monitoring. Choosing and calibrating analytics tooling, setting exchange-level risk appetite, and writing the procedures that make the output usable by a human.

Why Kybri

Kybri grew out of running a regulated virtual asset and payments group, sitting in the MLRO seat inside it and on its board. We have been on the receiving end of the DBA application, the inspection and the banking conversation, and we contributed to the Isle of Man’s consultations on the Travel Rule and CARF. The advice reflects that: it is built for how a crypto business actually operates, not for a slide.

What it is not

Kybri does not give legal advice, form companies or provide director services commercially. Where a matter needs a lawyer, a corporate service provider or a licensed custodian, we will say so and work alongside them.