According to Odaily, a report released by Acuiti titled 'The Impact of MiCA on Cryptocurrency Market Regulation' reveals that the European Union's MiCA will speed up the continuous investment in cryptocurrency trading monitoring systems. The report is based on surveys and a series of interviews with senior management from 68 companies involved in cryptocurrency trading. It was found that the entire industry is working on establishing market regulatory systems.
Within the scope of MiCA, only 9% of companies are fully prepared, while a quarter of companies have not yet begun preparations. MiCA is set to take effect by the end of this year, so companies must now determine whether they fall within its scope and begin preparing for compliance. The report underscores the urgency for companies to assess their position and take necessary steps to ensure they meet the regulatory requirements.
