- The EU will fully apply MiCA from July 1 and bar unlicensed crypto firms from operating.
- Existing CASPs must obtain a MiCA license or stop providing services to EU users.
- The industry is in a race to secure licenses, and Europe’s crypto market could reorganize around a small number of authorized firms after the rules take effect.
Forecast Trend Report by Period
The European Union’s Markets in Crypto-Assets regulation, or MiCA, will take full effect on July 1, tightening oversight of the region’s crypto industry. Attention is focused on whether firms that fail to secure licenses will have to suspend services.
Cointelegraph reported on June 1 that the EU will fully apply the MiCA framework…
