MiCA countdown, the maximum fine is directly calculated as a proportion of annual income, compliance costs are now truly going to be accounted for in P&L.

CoinWorld News: The European Banking Authority has issued a standardized penalty framework for crypto asset issuers violating the MiCA regulations. Issuers of non-compliant significant tokens may face fines of up to 12.5% of annual revenue or twice the profits gained from the violation, while the fine cap for significant e-money tokens is 10% of annual revenue. The framework adopts a two-step process to determine the penalty amount, incorporating aggravating or mitigating factors after assessing the basic severity of the violation. This framework is released just before the July 1 deadline, by which crypto companies must obtain formal licenses from national regulators to operate in the 27 EU member states; companies that fail to obtain a license risk suspension of operations.