New regulations include that crypto exchanges and wallet providers looking to operate across the 27-nation bloc will be able to do so with a license issued under MiCA, which will likely be truly enforced in June after being published in the official EU journal. However, critics argue that excessive regulations could stifle innovation and drive crypto businesses away from the EU.
What the article does not say is that MiCA appears to also ban so-called privacy coins like Monero.
Crypto exchange Binance appears to have already informed its clients in Poland, Italy, Spain and France about the changes.