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The MiCA law, which comes into force in July, will limit cryptocurrencies in Europe
From the beginning of July, crypto exchanges and issuers of stablecoins will work in the EC according to the rules provided for by the MiCA law

The entry into force of the law on the regulation of cryptocurrencies Markets in Crypto-Assets (MiCA) on June 30, 2024 means significant changes for the cryptocurrency industry in the EU. One of the key provisions of MiCA is the regulation of stablecoins. MiCA also sets rules for a wide range of crypto assets and exchange platforms. This is what The Block writes about.

In April last year, MEPs voted to adopt a bill on the regulation of MiCA cryptocurrencies. The EU has become one of the first jurisdictions in the world to introduce comprehensive rules on crypto assets.

The requirements of the MiCA law may have negative consequences for stablecoins — some companies may curtail their activities in the EU, warned Jasper De Maere, head of the research department at Outlier Ventures.