Bybit CEO: MiFID and EMI licenses are crucial for European crypto profitability

coindesk.com

Bybit CEO Ben Zhou stated that crypto firms need MiFID and EMI licenses, not just MiCA, to be profitable in Europe. Zhou explained that the MiCA license alone is insufficient for offering profitable products like derivatives, requiring additional licenses for full operation. He anticipates market consolidation as smaller firms struggle with compliance costs and the need for multiple licenses to achieve profitability.


With a significance score of 1.4, this news ranks in the top 36% of today's 30890 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Bybit CEO: MiFID and EMI licenses are crucial for European crypto profitability | News Minimalist