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What happened in the early hours of this morning - 90% of people haven't realized how impactful it is
To be honest, what happened in the early hours of this morning may be more important than how much BTC dropped.
The EU MiCA regulation officially came into full effect today (July 1).
I tell you, this is not some minor policy. This is the world's first unified crypto regulatory law, directly covering 27 EU countries with a population of over 300 million.
Right now, only 14 platforms across the entire EU have obtained formal licenses.
14, guys.
How many were operating before? Hundreds, for sure. Data shows that 83% of companies haven't completed compliance registration yet.
What does that mean? It means that from today onward, most crypto platforms in Europe have to shut down, or they'll be breaking the law.
USDT has already pulled out first. Binance Europe, Coinbase, Kraken - these platforms delisted all USDT trading pairs weeks ago. #Gate完成141只股票股息派发 $BTC