The new MiCA regulations in the EU may cause a **crypto exodus** to the Middle East 🌍, where the regulatory environment is more welcoming. While MiCA provides clarity and legitimizes the industry, it could lead to **centralization** as larger firms dominate, leaving smaller companies struggling or being acquired. The crypto sector may start to mirror traditional finance, where resources dictate success. Some major players, like **Société Générale**, are already preparing MiCA-compliant digital services.
https://cointelegraph.com/news/mica-crypto-firm-exodus-middle-east-regulatory-expert
