June 16 (Cointime) - The EU has published the forthcoming Markets in Crypto Assets (MiCA) regulation, which will come into effect at the end of next year. Janet Ho, Chainalysis' head of policy for Europe, has urged cryptocurrency companies to start preparing for compliance as soon as possible, as it may take several months to secure a license from the relevant authorities.

Failure to comply with the new rules could result in companies being unable to operate in the EU. However, conforming to the regulations could provide opportunities for businesses to scale up and potentially expand beyond Europe if MiCA becomes a global standard.