EU targets MiCA loophole that lets crypto exchanges serve 27 countries with one license

CryptoSlate reports that the European Union is addressing a loophole in the MiCA regulation that currently allows crypto exchanges to serve 27 countries with a single license. The proposed solution, known as the Council's selective ESMA model, aims to close this gap in cross-border supervision while maintaining national oversight in other areas. This development matters for crypto markets as it may impact the operational landscape for exchanges serving multiple European countries.

Read the full story at CryptoSlate: https://cryptoslate.com/eu-targets-mica-loophole-that-lets-crypto-exchanges-serve-27-countries-with-one-license

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Source: CryptoSlate — see our editorial policy.

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