Stablecoin issuance (ART / EMT)

Franck Guiader

Gide Loyrette Nouel · France, European Union

Editor's note. Ex-AMF Fintech Division founder — the rare French crypto practitioner with deep regulator-side experience plus an active private practice. Distinctive credibility under Hard Rule #24.

Franck Guiader is Head of Practice for Innovation, Digital Finance, Fintech, AI and Web3 at Gide Loyrette Nouel in Paris. Between 2011 and 2018 he was Director of the Asset Management Regulation Division at the French AMF and subsequently established and headed its Fintech, Innovation and Competitiveness division. He is one of the key architects of the Paris financial market's digital-assets framework and a leading voice on MiCA implementation in France.

Salvador Ruiz Bachs

A&O Shearman · Spain, European Union

Editor's note. One of Spain's go-to fintech-regulation partners — advised on early Spanish blockchain capital-markets issuances and ranks Band 1 in Chambers Spain Fintech.

Salvador Norberto Ruiz Bachs is a Partner at A&O Shearman in Madrid and one of Spain's recognised fintech and digital-finance practitioners. He is an expert in debt capital markets, derivatives, structured finance, and financial regulation, and has advised on some of the first blockchain capital-markets issuances and ongoing crypto-currency business under the CNMV's MiCA regime.

Marius Raetz

Linklaters LLP · Germany, European Union

Editor's note. Lead author of one of the clearest published analyses of the MiCAR / EMD2 / PSD2 interplay for stablecoin issuers — exactly the rule-set the EMT vs ART regime forces issuers to scope first.

Marius Raetz is Counsel in Linklaters' Financial Regulation Group in Frankfurt. His public work focuses on the interplay between MiCA, EMD2, and PSD2 — including a detailed analysis of the EBA's EMT no-action approach to dual MiCA / payment-services authorisation for stablecoin issuers.