EU Crypto Firms Face Existential Crisis!

In the European Union, a regulatory storm brews for Virtual Asset Service Providers (VASPs). Under the new Markets in Crypto-Assets (MiCA) regulations, a staggering 75% may close due to stringent compliance requirements. Many EU nations previously allowed easy registration for VASPs, but this lax era ends in 2025. The MiCA mandates hefty compliance costs, AML/KYC processes, and high share capital, beyond the reach of most startups. Europe must now navigate the delicate balance between innovation and regulation, or risk stifling its burgeoning crypto industry.