"The estimate that actually circulates, in boardrooms, in advisor briefings, and in project roadmaps, is considerably more sophisticated: three to six months. Sometimes stretching to seven at the pessimistic end."
"The realistic timeline from submission to authorization for a well-prepared CASP application, submitted to a major EU National Competent Authority under current conditions, is 8 to 12 months, depending on the jurisdiction."
"What the estimate typically misses is that each of these variables is significantly larger than intuition suggests, that they run sequentially rather than in parallel."
The crypto industry's understanding of regulatory timelines has evolved, with many now estimating 8 to 12 months for CASP authorization in the EU. This contrasts with the earlier 1 to 3 months estimate, which fails to account for significant delays and bureaucratic processes. The 1 to 3 months estimate, while well-intentioned, overlooks the sequential nature of regulatory assessments and the larger-than-expected variables involved. The article outlines the phases of the authorization process, aiming to align expectations with the realities faced by operators and legal teams.
Read at news.bitcoin.com
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