Europe's Crypto-Friendly Environment Could Hold Key to Economic Rejuvenation

July 4 (Cointime) - Patrick Hansen, Director of Strategy and Policy for Circle Internet Financial in Europe, believes that Europe is a favorable environment for cryptocurrencies due to its detailed regulatory frameworks and tax structures.

With the introduction of the Markets in Crypto Assets (MiCA) regulation, Europe could become a thriving hub for businesses and investors in the crypto sector. Europe currently hosts the highest number of Bitcoin and Ethereum nodes, the largest share of on-chain activity, and two-thirds of the world's cryptocurrency jobs.

Hansen believes that Europe has the potential to lead a major innovation and revive its declining economy by embracing the intersection of technology and finance.

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