Unpacking the Latest Bitcoin ETF Rejections

In principle, MiCA offers a sweet deal to crypto companies – who, in exchange for jumping through the EU’s hoops, get to market their wares across the bloc. But there are still major questions over exactly who will have to sign up to the new system. In particular, there's a lot of confusion about what the MiCA deal means for non-fungible tokens (NFT) - and whether platforms like OpenSea will need to seek a license as the EU seeks to curb wash trades and other market abuses. There are also questions over whether stablecoin rules that are designed to avoid collapses like terraUSD's might strangle the market all together may also be strangling the market. The EU is one of the world's biggest economies Source