FORBES · 2026-10-30 15:35 UTC

How UK Crypto Firms Can Avoid Europe's Licensing Mistakes

UK crypto firms face a February 28 authorization deadline; European MiCA experience shows higher compliance costs, fewer competitors, and slower-than-expected regulatory approvals. Europe's MiCA licensing reduced authorized providers from 1,200-3,000 registered firms to 374 by October 2024, with many smaller and early-stage firms unable to afford compliance costs and exiting the market. Industry executives warn that unpredictable approval timelines and high capital requirements, rather than the rules themselves, were the main obstacles to licensing in Europe.

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