75% of VASPs registered in the EU will not be able to comply with MiCA
All VASPs registered in the EU before 2025 must comply with MiCA requirements this year. Predictions suggest many will not be able to do so.
Opinion by: Slava Demchuk, co-founder and CEO of AMLBot
All virtual asset service providers (VASPs) registered in the EU before 2025 must comply with Markets in Crypto-Assets Regulation (MiCA) requirements this year. Not all will be able to do so.
The MiCA regulation is, in essence, a good legal framework for the crypto industry, but it also has some disadvantages, especially for crypto startups and small businesses.
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Author: Slava Demchuk
