MiCA Deadline Pushes More European Crypto Founders Toward the UAE's Friendlier Regulatory Environment More European crypto founders are exp…
MiCA Deadline Pushes More European Crypto Founders Toward the UAE's Friendlier Regulatory Environment
More European crypto founders are exploring the UAE as the EU’s MiCA deadline approaches, with firms lacking authorization set to lose access to EU clients after July 1. Dubai-based crypto lawyer Irina Heaver said her firm now receives more than 120 inquiries a week about setting up in the UAE, about half from Europe. She warned that MiCA could drive a brain drain, tax loss and job creation away from Europe. Binance recently withdrew its MiCA application in Greece and told EU users it would suspend some services while seeking another regulatory route.
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