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How MiCA threatens to unleash purge of crypto firms in Europe – DLNews

How MiCA threatens to unleash purge of crypto firms in Europe – DLNews

The MiCA regulation will start going live from the end of 2024.National regulators that have cheap and easy registration available for crypto businesses have hundreds or thousands listed.MiCA will purge registrants in these countries for several reasons, experts say.European crypto hubs are in for a brutal awakening.Today, thousands of crypto businesses flock to countries like the Czech Republic and Poland, thanks to their quick and painless registration processes.The Czech Republic leads the charts with 9,372 crypto entities registered, and Poland follows with 1,187.Other countries with tougher requirements like Germany or Finland, only have a handful.However, the status quo is about to… 

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