Europe’s years-long effort to bring crypto firms under one of the world’s most comprehensive regulatory frameworks reached a key milestone on Wednesday, as the final transition period under the Markets in Crypto-Assets (MiCA) regulation came to an end. The question now is how the end of MiCA's final transition phase will affect users, companies, and the market. For the industry’s largest players, the answer is fairly clear. Exchanges that secured MiCA authorization can operate across the EU under a single regulatory regime, while firms left without licenses must wind down or restrict services to EU clients. Based on ... (full story)