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CryptoBeInCrypto · 81d ago

Binance CEO Says MiCA Is Backfiring as EU Users Move Beyond Regulators’ Reach

Following MiCA's implementation, 70% of EU users departing Binance moved to self-custody solutions outside regulatory oversight. Binance's co-CEO Richard Teng attributed this shift to the regulation, suggesting the rules produced unintended consequences for EU regulators' authority.

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