MiCA Deadline on July 1 May Displace 10 Million EU Crypto Users

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The European Union's Markets in Crypto-Assets (MiCA) regulation is set to take full effect on July 1, potentially forcing up to 10 million crypto users to switch platforms. Non-compliant exchanges and crypto services operating in the EU risk losing their ability to serve customers once the deadline passes. SwissBorg executive Alex Fazel warned users in an interview with CoinDesk that the regulatory shift will significantly reshape the EU crypto landscape. He advised users to migrate to platforms that have been built to meet MiCA's compliance requirements ahead of the cutoff date.

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