Has breath? While the United States and Asia are already flying over the future of finance on board supersonic nozzles, Europe remains nailed to the ground and busy with refining flight manuals. In 2023, however, the European Union appeared as a pioneer with the launch of MIDA (Markets in Crypto -assets), an unprecedented regulatory frame that was to make the old continent by the world leader in the innovation. But in 2025, the observation is bitter: the competitors took off and Brussels dressed in administrative procedures.
You just have to see. In the United States, the legislator has a bet on the opening strategy: flexible rules, strong cooperation between private and public actors and regulation logic through use. Result: Web 3 Unicorns flourish, VC are kidnapped and innovative protocols are deployed at high speed. In Asia, this approach is equally strategic, but centralized: proactive states, special economic zones dedicated to crypts (such as Hong Kong or Singapore) and accelerated institutional acceptance.
And during this time, Europe? It highlights forms, improves its definitions and discusses version 2 of its own right, even if the actors flee to the milder sky. Therefore, the following burning question: Will the mica cockpit be the European crypto-Sovereign or the coffin of the leadership already flew? We are inviting.
MICA: A large European design that has become a headache headache
WhenEuropean Union was drawn Slide (markets in crypts) In 2023, the report was clear: it is no longer a matter of playing apprenticeships in the back kitchen web3. For the first time, the whole continent imposed a unified legal framework for actors Kryptos with financial stability, consumers and digital sovereignty in Europe.
The device is fixed on paper:
- A unique license valid in 27 Member States,
- Requirements for their own capital (up to 150,000 euros for certain risk activities),
- strict rules of administration and above all,
- Legal liability for white papers.
But there was a shadow on the album. As a reminder, Casp (providers of crypto-active services) Determine service providers related to digital assets: exchange platforms, childcare solutions (binding), advice, trading, tokens emissions, etc. With SIDA must now obtain and Authorization issued by the powers of their Member StateValid throughout the EU thanks to the European Passport. Unifying ambitions but which is accompanied Strong structural loads.
And this is where the rub. What was supposed to be a springboard has happened gap for small structuress. The European Dream turns into a bureaucratic nightmare. Startups, strangled before their flight, contact other flexible and less insatiable jurisdictions.
The recent message came to act this reality: it is estimated to be close 75 % of the EU Kryptos may not survive the entry into the elevation.
Europe Surlace, whipped crypto
On the contrary, the United States has released energy. Their approach – more flexible and iterative from the election of Donald Trump – made it possible to create a dynamic framework where innovations and regulation coexist without strangling each other. In Asia, it is even more decided: targeted regulations, agile pilot programs, tax incentives.
During 2025 Digias put Catriona Kelllas (Franklin Templeton) into a bowl and explained: “Europe could become a simple Overpass zonethe space we cross without stopping. »». Especially because the rumors of mica 2 begin to rump in the Brussels corridors.
Snída 2: Europe must focus on regulatory agility
Snída 2, yes, but not increased mica. In order to prevent brain and capital leakage, Europe must now combine legal security and operational flexibility. It means:
- Clarify the procedures for obtaining a license (currently long and variable depending on the ground);
- Reduce disproportionate requirements for small structures;
- Create a real Sandbox European, worthy of names to test innovation without their corset.
The arrival of Coinbase and Gemini on the old continent in finding the licenses of the mica in Luxembourg and Malta sends a signal: the potential is there. It remains to create conditions for its deployment without browsing an administrative obstacle.
Europe has shown that it could predict. Now, however, it must prove that it can adjust the shot quickly and well, especially because it is preparing to regulate the Defi for 2026.
(Tagstotranslate) Europe