INSUBCONTINENT EXCLUSIVE:
Despite initial concerns about its effect on the European crypto industry, the Markets in Crypto-Assets (MiCA) regulation is proving a
benefit to crypto customers and exchanges alike
investor adoption.MiCA significantly increased reporting requirements for exchanges
Source: BVNKHow crypto companies benefit from MiCAThere are challenges to MiCA compliance for cryptocurrency firms
Firstly, MiCA is a relatively new law, and there is no guidebook for how to ensure compliance, which can lead to uncertainty during the
application process, said Bybit EU managing director Mazurka Chen at a July 10 press conference.Secondly, there is the expense
It takes a significant amount of time, effort and money to ensure compliance, which is a cost more easily borne by large, established
may be a windfall for responsible local actors, according to the Circle executives
stablecoin issuers, this means that non-EU-related products will vanish, leaving a gap and significant demand for MiCA-ready products to
smaller ones, increasing market share
are on compared with traditional banks and asset trading services like eToro.According to Georg Harer, managing director and head of global
institutions also has knock-on effects for customers, such as easier bank transfers, broader institutional access and stronger protections
With MiCA and the Markets in Financial Instruments Directive (MiFID), crypto exchanges can trade in traditional assets such as stocks and
EU regulatorWhile this undoubtedly increases the regulatory burden on cryptocurrency exchanges, it also provides familiar guardrails for
investors concerned about entering the cryptocurrency space
safeguarding of clients, assets and funds
And then, when somebody looked closely, it turned out that it was a lie or they were misused
Other regions are taking notice and moving to establish comparable crypto regulatory frameworks, as both customers and service providers
gravitate toward jurisdictions with clear regulatory guardrails.Magazine: Inside a 30,000 phone bot farm stealing crypto airdrops from real
