Crypto Scenario Insights
What happened
The full implementation of MiCA marks a significant regulatory shift in Europe, closing the market to unlicensed crypto exchanges.
What we think
The full activation of MiCA is primarily a structural event for the European crypto market, with a 50% probability of a neutral global price impact for major assets like BTC and ETH.
Read the analysis
MiCA Deadline Reshapes EU Crypto Landscape: What's Next for Capital Flows?
We explain what happened and what could follow. We do not forecast prices.