The startup killer: Ledger CTO says the EU's crushing compliance costs are choking Web3 innovation
60-second summary
Ledger's CTO warns that the EU's MiCA regulations are stifling Web3 innovation with crushing compliance costs. Industry insiders estimate that these financial barriers are choking early-stage startups, hindering growth and adoption. As a result, Web3 projects are being forced to either relocate or abandon their EU-based operations, threatening the continent's competitive edge in the global crypto market.
Industry insiders warn that MiCA's steep financial barriers are choking early-stage innovation.