The European Union’s crypto sector has crossed into a new regulatory era after the Markets in Crypto-Assets (MiCA) transition period officially ended, leaving unauthorized crypto firms requir
The European Union’s crypto sector has crossed into a new regulatory era after the Markets in Crypto-Assets (MiCA) transition period officially ended, leaving unauthorized crypto firms required to wind down EU operations or face penalties that can reach into the tens of millions of euros.
Getting licensed under MiCA is not cheap. Nicola Massella, partner at Storm Partners, put implementation costs for many crypto companies at between 350,000 euros (roughly $400,000) and 600,000 euros (roughly $690,000). Brickken CEO Edwin Mata said costs can reach as high as 2 million euros (roughly $2.3 million) depending on a company’s size, services and compliance readiness.
