The EU's MiCA framework aims to provide legal certainty for businesses and consumer protections across all 27 member states, but its implementation is now threatened by inconsistent rollout.
Binance CEO warned that divergent approaches could produce an uneven regulatory landscape across the region, pushing businesses toward the exits. Firms seeking predictable, stable regulatory conditions don't stick around in murky environments.
The industry has watched this pattern play out in other regions: when rules are clear and consistently enforced, businesses plant roots; when enforcement is inconsistent, companies start looking at Singapore, Dubai, or other jurisdictions with reputations for regulatory coherence.