OKX Europe chief says 80% of crypto exchanges won’t survive MiCA as deadline nears
AI Summary
As the MiCA regulatory deadline approaches, OKX Europe CEO Ghoos warns that 80% of crypto exchanges may not make it due to stringent new rules. Unlicensed firms are being forced to halt operations in the EU by July 1, as ESMA enforces compliance. This could lead to significant consolidation in the market, with only the most robust and compliant exchanges remaining. The shakeout underscores the critical impact of regulatory compliance on the future landscape of cryptocurrency trading.
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