**News Flash: MiCA Regulation Shakes Up Crypto Industry**

Europe's Markets in Crypto-Assets Regulation (MiCA) is now fully in effect, marking a major milestone for the crypto industry. As the first comprehensive regulatory framework for crypto-assets, it's expected to bring long-term benefits by maturing the market and attracting more funds and users.

However, concerns about overregulation linger, especially for retail investors who may face increased scrutiny and data obligations. Noncompliant platforms could see legal actions as enforcement ramps up.

Big players like Societe Generale are already adapting, launching MiCA-compliant products like the EUR CoinVertible stablecoin. Meanwhile, MoonPay has secured MiCA approval in the Netherlands.