💥💥Focus! Breaking news! 💥💥
The MiCA Act has created a stir in the crypto market.
The simplified authorization process helps CASPs easily obtain MiCA licenses and paves the way for cross-border business. At the same time, MiCA promotes market unification and gives the EU more say in the crypto field. In addition, the bill sets limits on offshore companies to create a fair competitive environment for compliant companies.
MiCA also actively attracts institutional investment and promotes banks to enter the crypto field. However, stablecoin issuers need to deal with higher compliance requirements. Although DeFi is partially regulated, the market remains vibrant. However, rising compliance costs may lead to limited innovation and corporate relocation. Whether MiCA can become a global standard depends on its enforcement.
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