75% of crypto firms in Europe face exit as MiCA grace period ends

With the temporary grace period for the European Union's (EU) Markets in Crypto-Assets (MiCA) regulation set to end this July, about 75% of existing registered companies are at risk of being forced out of the market, CryptoSlate reported. The outlet noted that concerns are rising that the market could be reshaped around large institutions due to high licensing costs and strict regulatory requirements, potentially limiting consumer choice. Major exchanges are already delisting non-compliant stablecoins such as USDT, and restructuring is expected to begin across exchanges and the industry as a whole.