New MiCA regime prompts crypto firms to exit EU market, analysts say
As MiCA standardizes crypto regulation across the European Union, many firms are choosing to leave the bloc, merge, or shift operations to more favorable jurisdictions.
Europe‘s crypto industry is entering a major shake-up under the new MiCA regime, and as the blockchain forensic firm TRM Labs puts it, not all crypto business — also known as crypto asset service providers or CASPs — will make the transition.
In a blog post, the analysts suggested that some firms are expected to shut down, while others are likely to merge in search of scale. MiCA officially came into force on Dec. 31, 2024. The regulation aims to replace the previously fragmented approach with a single set of rules for all 27 EU member…
