Ladies, on July 1st there’s a major event—maybe you haven’t noticed it yet.
The transition period of the EU’s MiCA regulations has officially ended. 244 crypto asset service providers have completed their registrations. What does this mean? Europe now has a unified crypto regulatory framework, unlike before when each country handled it independently.
Personally, I think this is a more far-reaching change than the ETF. The ETF allows Americans to buy BTC through traditional accounts, while MiCA gives the entire European Union—its 450 million people—a compliant pathway. Previously, many European institutions didn’t dare touch crypto because regulation was unclear. Now that the framework is in place and compliance costs are defined, those who should enter will enter.
Moreover, MiCA is not only aimed at exchanges; stablecoin issuers are also within the regulatory scope. Circle has already obtained a compliant license in France, and USDC circulation in Europe has actually become smoother.
In the short term, it won’t have much impact on prices, but in the long run—compliance is a prerequisite for institutional capital to enter.
In addition, today’s regulatory developments include: UK retail investors suing Binance and CZ, seeking $200 million in damages. If this case is ruled on, it could affect the UK’s regulatory stance toward crypto. U.S. stock markets will be closed on Friday for Independence Day, and the jobs report (NFP) will be released early tonight. South Korea’s regulation is also tightening—its financial regulator criticized a semiconductor single-stock leveraged ETF, and the chain-reaction selloff that caused the KOSPI to plunge is still ongoing.
Overall, regulation is tightening, but the direction is toward compliance rather than a ban. This is good news for the industry👇