What hurdles do European SMEs face in adopting crypto banking solutions?
European SMEs aiming to adopt crypto banking solutions encounter a diverse and complex regulatory landscape. The Markets in Crypto-Assets Regulation (MiCA) stands out at the EU level, supported by various anti-money laundering directives and national regulations that vary across member states. This complexity can feel overwhelming for small and medium enterprises (SMEs) trying to incorporate crypto solutions.
What are the main licensing challenges?
One of the main licensing challenges is the requirement for operators to obtain a license and authorization. Crypto-asset service providers (CASPs) must get approval from their respective National Competent Authority (NCA), such as BaFin in Germany or AMF in France. This can involve…
