Source: International Business Times
The rules create a single framework governing exchanges, brokers and digital wallet providers across all 27 member states, replacing the patchwork of national regulations that previously existed. Pixabay Europe's crypto industry is undergoing a major regulatory overhaul as the European Union's Markets in Crypto-Assets Regulation (MiCA) takes full effect, ending temporary arrangements that allowed firms to operate under national registrations. Companies that have not secured MiCA authorization by July 1 must stop serving customers in the European Union or wind down operations.
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