<ul data-eligibleForWebStory="false"><li>Globling trading giants like Coinbase, Kraken, and Bybit have obtained regulatory licenses under the European Union's MiCA framework.</li><li>MiCA provides a comprehensive regulatory framework for crypto-assets, service providers, and issuers, offering benefits like passporting, access to a large consumer market, and reputational credibility.</li><li>While MiCA licensing offers advantages, it also comes with strict consumer protection rules, stablecoin limits, and high compliance costs, potentially challenging smaller players and hindering innovation.</li><li>Europe's unified MiCA framework contrasts with regulatory uncertainties in other jurisdictions, positioning the region as a potential global crypto compliance hub, depending on how well rules balance protection and innovation.</li></ul>

MiCA Licensing: How Europe Became the Global Crypto Compliance Leader

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