The European Union’s Markets in Crypto-Assets (MiCA) framework aims to create a unified market for crypto firms across all 27 member states, but concerns are rising about regulatory arbitrage. National regulators fear lighter oversight in certain jurisdictions could undermine the single market promise, leading to inconsistencies in implementation.

Smaller firms are facing challenges with MiCA rollout, as the pace of new rules and capacity gaps between regulators may squeeze startups out of the market. While MiCA was Europe’s attempt to lead on crypto regulation, its success hinges on consistent application of rules across the bloc.

Listen to the full episode of Byte-Sized Insight on Cointelegraph’s Podcasts page, Apple Podcasts, or Spotify for a detailed interview on MiCA’s impact. The framework’s effectiveness will be tested by how consistently the 27 national competent authorities supervise the regulations.

Read more at Cointelegraph: MiCA Faces Early Test EU Regulators Clash Over Passporting