According to Martin Bruncko, Binance’s executive vice president of Europe, smaller cryptocurrency exchanges and start-ups could benefit from the European Union’s Markets in Crypto-assets (MiCA) regulation. Bruncko told Cointelegraph in an interview that the European crypto landscape is currently fragmented, with different regulatory regimes in each of Europe’s 27 countries. This has resulted in time-consuming and financially demanding requirements for exchanges to ensure full compliance in various jurisdictions. Bruncko emphasised that the current landscape hampered smaller players looking to scale across the continent due to the costs of ensuring compliance across multiple borders. Bruncko also believes that the legislation will benefit early-stage crypto companies by allowing them to focus on growth rather than legal and compliance concerns.
