Digital Asset Regulation in Europe – DL News

The European Union’s Markets in Crypto-Assets Regulation (MiCA) is the most comprehensive effort to regulate the digital asset industry yet. But its onerous requirements could have a chilling effect on the industry, according to DL Research’s latest report, The State of Digital Assets in Europe.

As highlighted in the report’s “Regulation” section, MiCA has been credited with distinguishing the digital asset industry from the traditional financial sector, a distinction that has helped differentiate regulators in Europe from those in the US.

But some stakeholders warn that the regulation is too burdensome and risks driving investment out of the bloc. This trend is already visible in the UK, where uncertainty and complicated approval processes have led to many companies abandoning their efforts to do business in the country.

The chapter includes expert commentary from Robert Kopitsch, Secretary General of Blockchain for Europe, who discusses the problems and solutions to the shortcomings of MiCA. Additionally, Laura Navaratnam, Policy Lead for the UK Crypto Council for Innovation, looks at the situation in the UK.

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