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Reed Smith launches Aquarius tool to automate EU MiCA compliance
The Aquarius platform is designed to help crypto firms handle MiCA tasks after EU transition exemptions ended on July 1.
Reed Smith, a global law firm, has launched Aquarius, an automated compliance platform aimed at helping crypto companies meet the European Union’s MiCA rules as the bloc enters a new phase of crypto oversight.
According to Cointelegraph, Aquarius is built to automate parts of MiCA compliance, including crypto-asset classification, regulatory white paper generation, due diligence workflows, and environmental, social and governance disclosures.
The firm said it plans to expand the platform beyond the EU to support compliance regimes in the United Kingdom, the United Arab Emirates, Hong Kong and Singapore, with the goal of simplifying compliance for companies entering or expanding in Europe.
The launch comes shortly after the EU MiCA transition period ended on July 1, when crypto firms could no longer use temporary national exemptions that relied on the grandfathering approach. MiCA establishes licensing, consumer protection and operational requirements for digital asset service providers across the EU’s 27 member states.