Code & Chain · Signal Desk

MiCA 2.0 Rewrite: EU Crypto Firms Shrink from 3,000 to 321

Original sourceETHNews

Summary

The EU has reopened the MiCA regime and is consulting on MiCA 2.0, with legislation expected by 2028. Since June 2026, about 3,000 operators have dropped to 321 with valid CASP authorizations, a 90% decline, concentrated in passporting hubs like Luxembourg. Tether's USDT has no compliant path into…

Key points

  • Understand the latest shifts in EU crypto regulation, assess impact on stablecoins and DeFi.
  • MiCA 2.0 may further restrict EU users' access to stablecoins like USDT and expand regulation to DeFi.
  • EU crypto businesses must adapt to stricter compliance, and users may lose access to certain tokens.

Editorial note

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