The European Union is set to implement its new MiCA (Markets in Crypto-Assets) regulation in 2024. Experts predict it will fundamentally reshape the crypto landscape, possibly establishing a global regulatory norm. In response, various exchanges are already adjusting, initiating early assessments to prepare for the imminent changes.
hey folks, i’ve been noodling on this whole MiCA thing as well - kinda curious to see how it will shake things up across the board. thinking about it, even though a bit of regulation could lend more credibility, isn’t there a chance it might slow down the innovation we’ve all come to love in the crypto space? i’ve noticed some chatter about smaller startups possibly feeling the pinch due to higher compliance costs and stuff. has anyone else wondered if this might lead to some creative workarounds or if we’ll just see a shift towards larger players dominating the arena? would love to hear what you all think about how different scales of players might adapt in this new environment!