Circle executives reveal the potential impact of MiCA on the broader crypto market. The Director of Strategy and Policy at Circle has highlighted the profound changes MiCA will bring and predicts that the EU crypto landscape is expected to localize, institutionalize, and consolidate with the MiCA entering the market. He further noted that MiCA’s introduction could lead to a more professional and regulated environment for cryptocurrency operations within the EU, forcing market participants to either comply or exit. It is also expected that MiCA will exert considerable pressure on stablecoin offerings.

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