The European Union's Markets in Crypto-Assets regulation has entered its full enforcement phase, requiring all crypto service providers operating in the EU to hold proper licenses. Firms that failed to register face immediate suspension of services.
Several major exchanges have confirmed compliance, while smaller operators have been forced to exit the European market. The regulation establishes consumer protection standards, reserve requirements for stablecoin issuers, and anti-money laundering obligations.
Industry groups have described MiCA as the most comprehensive crypto regulatory framework globally and predict it will serve as a model for other jurisdictions.
