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More MiCA-licensed crypto firms may leave EU market, says Gate Europe CEO · Cyprus Report

Tech · World

More MiCA-licensed crypto firms may leave EU market, says Gate Europe CEO

1 sourceFirst reported 9 hours agoUpdated 9 hours ago

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More MiCA-licensed crypto firms are considering exiting the EU market, according to Gate Europe's CEO Giovanni Cunti.
Cunti highlighted that the compliance costs associated with new regulations may be unsustainable for some firms.
The comments come as the EU transitions into a new regulatory framework for the cryptocurrency sector.
The Markets in Crypto-Assets (MiCA) regulation aims to provide a comprehensive legal framework for digital assets in the EU.

Generated by AI from the 1 sources below · always verify with the originals

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More MiCA-licensed crypto firms could exit EU market: Gate Europe CEOCointelegraph · 9 hours ago

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AI summary: catch up in 20 seconds

More MiCA-licensed crypto firms are considering exiting the EU market, according to Gate Europe's CEO Giovanni Cunti.
Cunti highlighted that the compliance costs associated with new regulations may be unsustainable for some firms.
The comments come as the EU transitions into a new regulatory framework for the cryptocurrency sector.
The Markets in Crypto-Assets (MiCA) regulation aims to provide a comprehensive legal framework for digital assets in the EU.

Generated by AI from the 1 sources below · always verify with the originals