Swiss wealth management institution: Stricter MiCA regulations may lead to a contraction in the size of the EU crypto industry

Jinse Finance reported that the European Union's new crypto asset market regulation (MiCA) is reshaping the region's crypto industry by raising regulatory and operational standards, which may reduce the number of platforms with lax regulation. Swiss wealth management platform SwissBorg recently obtained a MiCA license and plans to transfer its European business to a newly authorized French entity. As some global exchanges scale back their business presence in the EU, SwissBorg intends to take the opportunity to enter major EU markets. SwissBorg's Chief Operating Officer expects that, as regulators push for stricter rules and institutional participation gradually increases, yield products and staking products (especially those related to stablecoins) will move towards clearer information disclosure, more standardized and transparent structures.