gateeurope

MiCA: Many crypto companies may withdraw from the EU market

- MiCA (Market in Crypto‑Assets) is the EU’s new regulation.
- Gate Europe director Giovanni Cunti warns that high compliance costs may force many crypto companies to pull out of the EU market.
- Complying with MiCA requires significant technology, legal, and HR costs.
- If costs exceed profits, companies may decide to leave the EU.
- This could affect the development of the crypto market in the region.
#MiCA #CryptoRegulation #EU #GateEurope #BinanceSquare

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Source: CoinTelegraph