Cryptocurrency exchanges stand to benefit from unified rules and regulations for the industry across Europe as MiCA legislation comes into effect in 2024.
The implementation of the Markets in Crypto-Assets (MiCA) legislation could expedite the expansion efforts of major cryptocurrency exchanges across Europe, according to Crypto.com president and chief operating officer Eric Anziani.
Speaking exclusively to Cointelegraph, Anziani highlighted how increased regulatory scrutiny and the “fragmented” nature of European rules for the industry have made life difficult for exchanges to serve users across borders.
“We’re looking forward to MiCA. I think Europe is a great market but a very fragmented one. If you want to play by the rules, you must comply with very different frameworks in each market,” Anziani explained.
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Source: https://cointelegraph.com/news/crypto-com-mica-exchanges-europe