Analysis: European Union's MiCA to Accelerate Continued Investment in Cryptocurrency Exchange Monitoring System
2024-06-27 11:21:59
The European Union's MiCA will accelerate continued investment in cryptocurrency exchange monitoring systems, according to Acuiti's Impact of MiCA on Cryptocurrency Market Regulation report. Based on a survey and series of interviews with senior executives of 68 companies engaged in cryptocurrency trading (including buyers, sellers and exchanges), it was found that the entire industry is working to establish a market supervision system. Only 9% of companies within the scope of the MiCA are fully prepared, and a quarter have not yet started preparations. The MiCA will come into effect at the end of this year, so companies must now determine whether they are within the scope and start preparing for compliance.
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