Companies in the crypto sector are pressuring the European Union to end rules they consider punitive for small platforms. The sector argues that the current regulatory framework favors large market players, creating unequal competitive conditions.
The main complaint of crypto companies relates to the fact that the same regulatory requirements are applied to both small platforms and large financial institutions, such as banks. This situation is seen as particularly harmful to smaller companies, which face proportionally higher compliance costs.
The ongoing public consultation for the review of the MiCA (Markets in Crypto-Assets) regulation is being pointed out as an opportunity to introduce changes to European legislation. The sector hopes this process will allow for greater differentiation in the requirements applied, taking into account the size and scale of crypto companies.
