Lithuania has ceased to be the "Wild West" of European crypto. As the Bank of Lithuania drops the MiCA guillotine, once-dominant iGaming rails like utPay and CoinsPaid have vanished into a regulatory blackout. With only a 3% survival rate for registered VASPs, the industry is witnessing a desperate migration to the "Polish Shelter." Is this a cleanup, or merely a relocation of the shadow economy?
Let’s stop sugarcoating it.
The Markets in Crypto-Assets Regulation (MiCA) is not a love letter to decentralization. It is not designed to preserve “crypto culture”. And it is certainly not meant to make life easier for founders.
MiCA...
The transition to MiCA (Markets in Crypto-Assets) has not eliminated risk; it has merely driven it underground. While Tier-1 institutions adopt "clean" rails, a...
