The European Union’s Markets in Crypto-Assets Regulation (MiCA) aims to standardize crypto regulation across member states. However, concerns are mounting over Malta’s expedited licensing process, which has raised questions about regulatory consistency and fairness. While the EU’s MiCA framework officially came into force last December, any company seeking to operate in the EU must apply for a license. This initiative seeks to protect investors, deter criminal activity, and ensure crypto firms maintain stability and transparency across member states. To obtain a MiCA license, businesses are expected to comply with strict AML/KYC regulations, robust governance and risk management frameworks, and stringent cybersecurity requirements detailed in Article 60, including ICT and security documentation. However, some regulators fear that Malta’s accelerated licensing process may create loopholes, leading to uneven enforcement of MiCA rules across the EU.