MiCA July 1 deadline could leave 10 million crypto users searching for a new platform in the EU

CoinDesk·

MiCA July 1 deadline could leave 10 million crypto users searching for a new platform in the EU

60-second summary

MiCA's July 1 implementation threatens to leave around 10 million EU crypto users searching for a new platform as some may not comply with the stricter regulations, prompting SwissBorg's Alex Fazel to advise users to choose platforms built to withstand EU regulators' tightening oversight, ensuring their assets remain secure and accessible.

As MiCA takes full effect on July 1, SwissBorg's Alex Fazel told CoinDesk users should choose platforms built to withstand EU regulators' tightening oversight.