⭐️NEWS REGARDING MICA 🌟According to Vicente Ortiz, CEO of the VICOX law firm, in his new statement on the deadlines of #MiCA, the European Securities and Markets Authority#ESVM(EU supervisor) encourages both # CASP (crypto asset service providers) and the#NCA(national supervisors - CNMV 🇪🇸) to prepare for the entry into force of the MiCA and its transition phase.
Although citizens of the European Union will be able to continue using unregulated services from third countries on their "own and exclusive initiative," the scope of this exemption will be extremely limited.
Unregulated companies from third countries will not be able to market their services in the EU or target EU consumers in any way. The last thing EU supervisors want to see, after years of work related to MiCA, is that unregulated foreign companies circumvent MiCA rules.