🚨 The Impact of US-China Relations on Crypto Regulations for European SMEs 🚨
So apparently, the US-China relationship is a big deal, and it could really shake up how crypto regulations look, especially for small and medium enterprises (SMEs) in Europe. The US is moving towards a more market-driven approach, leaning into stablecoins and private firms, while China is still all about that strict ban on decentralized cryptocurrencies and pushing the e-CNY. It’s like a game of chess, but the pieces are digital currencies.
European SMEs are suddenly facing a rise in compliance costs. You see, EU regulations like the Markets in Crypto-Assets Regulation (MiCA) are coming in hot with some bank-like requirements. It’s reportedly made licensing six times more expensive, which is huge. This shift is pushing the EU to…
