European regulator ESMA called on unauthorized crypto-asset service providers to wind down their businesses in an orderly manner as the MiCA transitional period ends on July 1. As many as 80% of Europe’s crypto companies are expected to lose their registration status and face probable closure. Europe was thought to have had more than 3,000 registered virtual asset service providers (VASPs) as of 2024, with Poland alone accounting for over 1,400 registrations. Only about 230 are authorized under…
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