Integrating Crypto into E-Commerce: The Lowdown for SMEs
Hey everyone, let’s chat about something that’s been on my mind: how small and medium-sized enterprises (SMEs) can hop onto the crypto train and potentially revolutionize their operations. With digital currencies shaking things up, there’s a lot to unpack here.
The Regulatory Maze
First off, let’s talk about the elephant in the room: regulations. Things are changing fast, especially in Europe, where the Markets in Crypto-Assets (MiCA) regulation is rolling out. By December 2024, this will require crypto-asset service providers (CASPs) to get licenses, comply with rules, and face some serious oversight. So, if you’re a European SME, buckle up. You’ll need a CASP authorization to play in the crypto sandbox. Sure, compliance could be a…
