Policy
Bybit's CEO Says a MiCA Licence Won't Make You a Penny in Europe — You Need MiFID and an EMI Licence Too
Ben Zhou told CoinDesk that MiCA covers only spot trading, which doesn't generate enough revenue to sustain an exchange. Derivatives, tokenised assets, and stablecoin services require MiFID II and Electronic Money Institution licences that most crypto firms haven't even started pursuing.
·Oliver Woodford