Implementation Hurdles Challenge EU’s Crypto Regulations (MiCA)

Despite launching less than a year ago, the EU’s Markets in Crypto-Assets Regulation (MiCA) has already faced several challenges. Regulatory bodies are actively working to address these hurdles before they escalate further. Concerns about the rapid issuance of licenses by some member states have been raised. The European Securities and Markets Authority (ESMA) intends to impose more centralized and stringent regulatory measures on cryptocurrencies within its jurisdiction, although specific details remain unclear.