To say regulation will restrict innovation is sort of redundant now. However the ache level distinctive to MiCA is the way in which through which the invoice actively shapes the crypto house in future.MiCA is supposedly written with the consumer in thoughts, however the wording and sheer quantity of textual content targeted round anti-money laundering (AML) guidelines is indicative of its true agenda. When it comes to shopper safety, having a framework corresponding to MiCA is nice, however when shopper safety is achieved by making it so costly to function a crypto firm in Europe that solely well-established ones can do it, MiCA is hurting customers in the long term.
