Wu Blockchain (@WuBlockchain): The European Banking Authority (EBA) has issued a warning that during the MiCA transitional period, some crypto service providers approved before the…
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The European Banking Authority (EBA) has issued a warning that during the MiCA transitional period, some crypto service providers approved before the regulation takes full effect may exploit regulatory loopholes or engage in “jurisdiction shopping.” The EBA noted that such firms might register in EU member states with looser oversight and then operate across the bloc via passporting rights, creating risks of opaque governance and complex fund flows. https://t.co/480IPb3XoR