(Cointime,May 15th)Patrick Hansen, a cryptocurrency advocate and influencer, has asserted that Europe already has the most crypto-friendly banks in the world, and the upcoming MiCA regulation could further strengthen this position. The Markets in Crypto-Assets (MiCA) regulation is set to facilitate access to banking services for crypto-asset service providers, as explicitly stated in its goals.
With this regulation, Europe could see an increase in its global lead of being the most crypto-friendly banking region. The move is expected to boost the adoption of cryptocurrencies and promote innovation in the digital asset space. This development could position Europe as a hub for crypto and blockchain-related businesses, attracting more investors and entrepreneurs to the region.
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