MiCA Compliance Crisis: Study Reveals 91% of Crypto Firms Unprepared For EU Regulation

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MiCA Compliance Crisis: Study Reveals 91% of Crypto Firms Unprepared For EU Regulation - CoinGape

Quick Summary:

MiCA, the European Union’s Markets in Crypto Assets Regulation, is poised to reshape the cryptocurrency industry, but a new study reveals alarming unpreparedness among affected firms.

The report, conducted by Acuiti and commissioned by Eventus, shows that 91% of crypto companies are not ready for this landmark regulation.

Additionally, Uphold, a crypto exchange headquartered in New York and a Ripple On-Demand Liquidity (ODL) partner, has announced plans to remove support for multiple stablecoins.