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"The Crypto Industry Is Not Ready for MiCA": Solidus Labs’ Delphine Forma

  • The cryptocurrency industry is not ready for MiCA, according to Delphine Forma, Head of UK and EU Policy at Solidus Labs.
  • MiCA, which stands for Markets in Crypto-Assets Regulation, has been around for a while but will come into force on December 30, 2024.
  • Forma highlighted that many in the industry do not fully understand the MiCA regulations and there will be no enforcement action leeway for non-compliance.
  • Regulators in some countries are not ready for MiCA implementation, causing a fragmented landscape for crypto companies operating in the EU.

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