MiCA threatens crypto firm exodus to Middle East: Regulatory expert
The upcoming regulatory framework could threaten a mass crypto exodus to the Middle East due to more favorable regulations.
Europe’s upcoming cryptocurrency regulatory framework could reduce the number of Web3 firms in the region and introduce new centralization-related concerns.
The Markets in Crypto-Assets (MiCA) bill is the world’s first comprehensive regulatory crypto framework, widely seen as a net positive for the industry.
While MiCA legitimizes the crypto ecosystem, it also threatens to introduce consolidation among crypto firms, according to Anastasija Plotnikova, CEO and co-founder of Fideum, a regulatory and blockchain infrastructure firm focused on institutions.
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Author: Zoltan Vardai
