More MiCA-licensed crypto firms could exit EU market: Gate Europe CEO
CoinTelegraph·
60-second summary
Gate Europe's Giovanni Cunti warns that some MiCA-licensed crypto firms may struggle with compliance costs as Europe's new regulatory era takes hold. Approximately 30 firms have secured MiCA licenses, but Cunti suggests that many may not be able to sustain these costs, potentially leading to market exits and reduced competition in the EU.
Gate Europe’s Giovanni Cunti says some MiCA-licensed crypto firms may struggle to sustain compliance costs as Europe enters its new regulatory era.