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MiCA, Banks, and the Limits of Crypto Regulation
Published 11 months, 2 weeks ago
Description
The episode discusses the conflict between the newly enforced EU cryptocurrency regulation, MiCA, and banks' continued blocking of payments to compliant cryptocurrency exchanges like Coinbase. This raises questions about MiCA's effectiveness, potential legal violations by banks under EU law (e.g., restricting free provision of services), and the liability of Member States like Belgium for failing to ensure MiCA's proper implementation. The author explores whether banks should be compelled to justify their restrictions and if regulators should intervene to guarantee MiCA's intended impact. Ultimately, the piece argues for stronger banking integration across Member States to achieve MiCA's goals