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Crypto Regulation

Bitpanda Co-CEO Urges Stronger MiCA Enforcement as July 1 Deadline Nears

Bitpanda co-CEO Christian Trummer said most European crypto users now have more confidence in regulated market participants and compliant platforms following the implementation of the EU’s Markets in Crypto-Assets (MiCA) regulation. He called for stronger MiCA enforcement, saying some firms still serve European clients without holding the required licenses, putting compliant businesses at a competitive disadvantage. The transition period for existing crypto service providers ends July 1 at the latest.

Original source

AI take

The complaint here is not about MiCA's rules but about uneven application — a familiar pattern in EU financial regulation, where the transition period lets unlicensed firms keep operating while compliant ones carry the cost of licensing. That asymmetry matters most for mid-sized platforms that cannot absorb compliance overhead while competing against unregulated rivals. Whether national regulators actually pursue unlicensed providers after the deadline, rather than simply letting the transition lapse, is the open question.

Generated by AI for reference only.

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