This doesn't sound good...
Has anyone read what is the EU's MICA legislation?
Hint...
It's not good.
Here's some of it...
(Source: https://twitter.com/BitcoinNewsCom/status/1658486148124258308/photo/1)
This could really hurt crypto in Europe...
We shall see.
Some EU-based cryptocurrency developers have registered their businesses in safe haven countries covered by for example the Helsinki Treaty.
Helsinki treaty was ratified by Nordic countries in the 1960s and states that no country can restrict movement of funds between two of the countries that have ratified the treaty.