MiCA enforcement still fragmented across EU, says Bitpanda exec

Bitpanda’s public affairs lead, Benedikt Faupel, told Cointelegraph that while MiCA brings long-awaited regulatory clarity, harmonization is still lacking.

Benedikt Faupel, head of public affairs at Austrian crypto exchange Bitpanda, said Europe’s flagship crypto regulation still allows uneven implementation across the bloc.

Faupel told Cointelegraph on the sidelines of the German Blockchain Week that, as far as he knows, Bitpanda is the only player with three Markets in Crypto-Assets Regulation (MiCA) licenses. The exchange was founded in Austria in 2014 and has since established additional offices in Berlin, Bucharest, London and elsewhere.

Faupel said that MiCA provides the European Union with long-awaited regulatory clarity and harmonization. Before MiCA, he said, the European crypto landscape was fragmented by as many as 17 separate licensing regimes. “With MiCA, you just make it way easier,” he said.

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