As MiCA raises Europe’s entry bar, crypto firms are reassessing EU ambitions and turning to flexible hubs like El Salvador, Costa Rica, and the BVI as they seek growth without regulatory overexposure.
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Not so long ago, starting a crypto business in the European Union was a seamless process, with hubs like Poland and Lithuania offering accessible gateways under their VASP frameworks, drawing founders from all over the world. That era, however, now belongs to the long-forgotten past.
With the introduction of Markets in Crypto-Assets (MiCA), launching a crypto business in the EU has become more expensive and compliance-heavy, with the gap between thousands of now-legacy VASPs and licensed CASPs ever-increasing ahead of the July grandfathering deadline.
