MiCA dictates that each jurisdiction within the EU must transition the EU regulation into local law, designate regulators for crypto oversight, and authorize service providers.
MiCA, a landmark crypto regulation, necessitates crypto firms to secure licenses from one member state to operate across the EU, creating varying impacts across countries.
At least 10 EU countries are finalizing or have finalized local legislation for MiCA enforcement, with others still in preparation stages, signaling differing progress levels.
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