To say regulation will limit innovation is almost redundant now. But the pain point unique to MiCA is the way in which the bill actively shapes the crypto space in future.MiCA is supposedly written with the user in mind, but the wording and sheer amount of text focused around anti-money laundering (AML) rules is indicative of its true agenda. In terms of consumer protection, having a framework such as MiCA is great, but when consumer protection is achieved by making it so expensive to operate a crypto company in Europe that only well-established ones can do it, MiCA is hurting consumers in the long run.
What the MiCA Bill Could Mean for the Future of Decentralization
