In a bid to accommodate the rapidly evolving landscape of cryptocurrency, prominent fintech companies such as Revolut and PayPal are advocating for an extended transition period to adhere to the forthcoming Crypto Asset Markets Regulation (MiCA) in the European Union. MiCA, slated to take effect in December 2024, aims to establish standardized licensing and regulatory standards for crypto companies across Europe, bolstered by stricter anti-money laundering (AML) requirements.&middot

For the full story, head over to TheCurrencyAnalytics.com.