EU regulators are poised to enforce MiCA differently as the transition period ends, requiring unauthorized crypto companies to wind down operations.
The European Union's Markets in Crypto-Assets (MiCA) regulation has concluded its transitional period, marked by a final wave of approvals for licensed crypto firms.
Dubai is seeing an influx of European crypto firms as the MiCA deadline approaches, drawn by faster licensing and a dedicated regulator, according to a Dubai lawyer.
Dubai's Virtual Assets Regulatory Authority (VARA) has licensed its 50th crypto firm, marking a significant expansion in its regulated market.
Investors are increasingly valuing crypto firms like Galaxy Digital for their AI infrastructure, moving beyond traditional digital asset exposure.
The European Union's landmark MiCA regulation reaches a critical juncture on July 1, requiring crypto firms to cease operations without full authorization.