EU's MiCA Regulation Takes Full Effect: Only 244 of 3,000 Crypto Firms Authorized
By
Alexey Bondarev
Summary
Europe's Markets in Crypto-Assets Regulation (MiCA) took full effect, ending 18 months of transitional national licensing rules. Out of roughly 3,000 crypto firms previously registered across the EU, only 244 have secured full authorization to continue serving clients. The deadline has effectively pushed thousands of unlicensed crypto firms out of the European market.
Source
Twitter / XEU's MiCA Regulation Takes Full Effect: Only 244 of 3,000 Crypto Firms Authorizedyellow.comKey quotes
· 3 pulledThe Markets in Crypto-Assets Regulation, known as MiCA, closed its final transition window this week, ending 18 months of overlapping national licensing rules across the European Union.
Just a fraction of the roughly 3,000 firms that once operated under those old regimes have secured full authorization, according to the European Securities and Markets Authority's interim register.
A sweeping EU regulatory deadline has pushed thousands of unlicensed crypto firms out of the European market this week.
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