The rules introduce tough consumer-protection measures for crypto firms, and in principle kick in at the end of next year for companies seeking a new license. Companies already operating under national law, however, can carry on for a further 18 months, and regulators are anxious that an overlong implementation period would place customers of the bloc’s roughly 2,000 registered crypto companies at a disadvantage.
Source: https://www.coindesk.com/policy/2023/10/31/spain-brings-forward-mica-crypto-rules-by-six-months-after-eu-pressure/?utm_medium=referral&utm_source=rss&utm_campaign=headlines