Europe’s crypto market has moved beyond the race to secure a Markets in Crypto-Assets licence.
Summary
- MiCA’s transition ended July 1, leaving unlicensed firms to exit, sell, or transfer European clients.
- U.K. crypto firms face FCA authorisation, prudential controls, governance rules, and client-asset safeguards from 2027.
- Banks already hold compliance systems and networks, making partnerships or acquisitions cheaper than greenfield builds.
The next test is whether authorised firms can afford the staff, capital and controls required to keep operating under the European Union’s full rulebook.
The cost pressure may push smaller crypto companies towards…
