MiCA just became real and most people still don't understand what that means
Been thinking about MiCA a lot this week. Everyone treated it as a distant regulatory thing for years. Now it's live, Tether got delisted from European exchanges, Coinbase EU removed USDT pairs, and smaller exchanges are scrambling to figure out which licenses they actually need. What strikes me is how different this is from the US approach. MiCA is actually a complete framework, not a patchwork of enforcement actions and lawsuits. Love it or hate it, at least you know the rules. The interesting question nobody is asking: does unified regulation in Europe actually pull institutional capital in, or does the compliance burden push projects to friendlier jurisdictions like Dubai or Singapore? My read is both happen simultaneously. Serious institutions get comfortable. Smaller projects leave. Net result is a more professional but smaller European crypto market over the next 2-3 years. What's your take, is MiCA good for crypto long term or just regulatory overreach dressed up as consumer protection?