In less than half a month, a bunch of shady exchanges in Europe are about to make a run for it overnight.
MiCA goes into effect on July 1st, and any exchange without a license has to shut down. Looking back, those small exchanges that usually rely on European retail traders to prop up their trades are already starting to cut off withdrawals. It's painful for the retail crowd, but it's a long-term positive; only after clearing out the bad actors will mainstream capital be willing to flood in. #MiCA $BTC $ETH
MiCA goes into effect on July 1st, and any exchange without a license has to shut down. Looking back, those small exchanges that usually rely on European retail traders to prop up their trades are already starting to cut off withdrawals. It's painful for the retail crowd, but it's a long-term positive; only after clearing out the bad actors will mainstream capital be willing to flood in. #MiCA $BTC $ETH