The EU has initiated a review of the MiCA regime, informally called MiCA 2.0, with a consultation period ending in September. Lawyers and industry executives expect EU regulators to enforce MiCA differently, as unauthorized crypto companies must wind down operations. The UK's FCA's new crypto framework has been praised for its focus on global liquidity and institutional adoption. The authorization and compliance process for crypto firms is expected to be daunting and complex.
