🚨 INSIGHT | STRICTER MICA RULES AND ITS IMPACT ON EU CRYPTO INDUSTRY
Increased regulations in the EU could potentially reduce the number of crypto entities, as told by Swiss wealth manager Swissborg.
📉 Breakdown:
• Swissborg, a crypto wealth manager, has recently received MiCA approval.
• The firm is prepping to relocate its European operations to France.
• It is eyeing growth in several markets such as Germany, Italy, and Spain.
📌 Takeaway:
The implication of more stringent MiCA rules could lead to consolidation in the European crypto industry, hence reduced competition.
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📈 Long Trade Setup – $ONDO
Entry Zone: 0.2585 – 0.2605
Stop Loss: 0.2568
Take Profit Targets:
• 0.2634
• 0.2667
• 0.2684
📊 Price is holding near support and showing signs of a potential bounce. If buyers maintain momentum, we could see a push toward the listed target
