Some cheer for a single framework, while others are blocked by licenses. Millions of European users have to find a new home tonight, and Dubai is about to get lively again.

CoinWorld News: The European Union's crypto market officially entered a new era on Wednesday, as the Markets in Crypto-Assets Regulation (MICA) fully came into effect, requiring crypto companies operating in 27 countries to hold licenses or cease operations. Thousands of crypto services are at risk; as of midnight on June 30, the law requires them to stop serving EU customers, causing millions of European users to seek MICA-approved platforms. While executives and lawyers welcome the EU's single regulatory framework, there is disagreement over whether MICA has created a fair market. Some believe that compliance costs make it difficult for small companies to operate in the region, forcing them to seek opportunities elsewhere, including Dubai. Others argue that these rules do benefit crypto companies that invest in transparency.