MiCA under pressure: Passporting or patchwork in Europe’s crypto market?

Europe’s landmark crypto law, the Markets in Crypto-Assets, promised a unified market across 27 member states. But less than a year into rollout, national regulators are already pushing back on its central feature: passporting.

Is MiCA bringing the clarity Europe’s crypto industry needs or adding a new layer of uncertainty? In this episode of Byte-Sized Insight, we hear from the head of compliance and European regulatory affairs at CoinShares and the executive director of the European Crypto Initiative about passporting, regulatory arbitrage and whether MiCA can truly keep Europe competitive on the global stage.

(00:39) MiCA and the single-market promise
(01:31) Member State pushback on passporting across the EU
(02:51) Regulatory competition and arbitrage risks
(04:32) The challenge of 27 having national authorities
(07:17) Compliance pressure on smaller firms
(10:23) Clarity and consistency as the real test for MiCA’s success
(14:27) MiCA implementation still in progress
(15:40) Europe’s leadership moment in crypto regulation
(16:00) MiCA’s global ripple effects and the GENIUS Act

This episode was hosted and produced by Savannah Fortis, @savannah_fortis.

This episode is brought to you by Coinlocally — launching the Academy Learn-to-Earn platform, where crypto education turns into real ownership. Earn CLYC tokens as you learn and use them for governance, staking, or trading perks. Plus, trade Convert, Spot, Futures, Grid Bots, Copy Trading, and MT5 in one secure app with some of the lowest fees in the industry. 

Cointelegraph podcast listeners get early access to the Academy and a $50 trading bonus at coinlocally.com.

Follow Cointelegraph on X @Cointelegraph.
Check out Cointelegraph at cointelegraph.com.

If you like what you heard, rate us and leave a review!

The views, thoughts and opinions expressed in this podcast are its participants alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.