Only 17% of EU Crypto Firms Are MiCA-Ready. The Other 83% Are About to Vacate a $78 Billion Market.

New EU crypto rules could force hundreds of firms to exit the market

The EU's landmark MiCA crypto rules take full effect on 1 July. Yet by May, fewer than one in five of the bloc's 1,200-plus registered crypto firms had secured the licence needed to keep serving European clients.