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Europe is closing the door on offshore crypto, but it’s leaving the riskiest window open
MiCA was never meant to address the giant crypto derivatives market. That could pose a serious problem, says Patrick Gruhn, founder and chief executive of Perpetuals.com.
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coindesk.com
Europe’s unlicensed crypto firms face ‘wipeout’ as MiCA transition deadline nears
European regulator ESMA called on unauthorized crypto-asset service providers to wind down their businesses in an orderly manner as the MiCA transitional period ends on July 1.
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Millions of European crypto users face a sudden hunt for new digital asset platforms
New MiCA regulations are forcing unlicensed firms to wind down, leaving up to 80% of Europe's current crypto platforms at risk of shutting down.
