Secret tips for virtual currency business to expand into Europe! Is it OK without MiCA measures?
Hello to everyone who has just stepped into the world of virtual currencies! This time, we have good news for those who want to enter the European virtual currency market but feel it is difficult. In fact, there is a possibility that you can continue your business legally without complying with the MiCA regulation!
What is MiCA and why all the fuss?
First, let me briefly explain MiCA (Markets in Crypto-Assets). This is like a new rulebook for virtual currencies created by the EU (European Union). It will be fully implemented from 2024, and companies that do virtual currency business will not be able to operate in the EU market unless they comply with these rules. It seems like it will be extremely strict.
But wait a minute! In fact, it seems there is a way around this even if you don't support MiCA. It's like a secret passage in an RPG game!
Avoid MiCA! How to continue doing business legally in the EU
To find a way around this, a company called Simplify Labs and a law firm called Gofaizen & Sherle will be holding a joint webinar. The webinar will provide strategies for legally conducting cryptocurrency business in the EU without a MiCA license even after 2025.
You may be wondering what specific strategies will be used. The following topics will be discussed in the webinar:
- Develop a business model outside the scope of MiCA regulationFor example, this is a way to avoid being subject to MiCA, such as not dealing in certain types of virtual currencies or not providing certain services.
- Based outside the EU: EU law generally applies to companies that do business in EU countries, so it may be possible to provide services to EU customers from a base outside the EU.
- Take temporary measures: It may be difficult to fully respond immediately after the implementation of MiCA. Therefore, it may be possible to first take temporary measures to buy time.
Of course, these strategies should be implemented only after receiving thorough advice from legal experts, but it may be possible to explore business opportunities with an open mind without being overly afraid of MiCA.
Join our webinar and find out tips for expanding into Europe!
This webinar should be a valuable source of information for cryptocurrency business people who are interested in the European market. Attendance is free, so why not join us? You might discover something new!
By the way, the webinar is scheduled to be held on April 4th at 24 pm (Central European time). In Japan, it will be late at night. I recommend that you either stay up late and participate in the webinar, or watch the recording that will be released later.
Summary and personal thoughts
This time, we talked about the possibility of continuing virtual currency business in Europe even if you do not comply with MiCA. Of course, complying with MiCA is important, but it is important not to be limited to that and to consider various options. I would also like to participate in this webinar and deepen my knowledge!
This article is based on the following original articles and is summarized from the author's perspective:
Not Ready for MiCA? Learn How to Legally Operate in the EU
Without a License. Simplify Labs and Gofaizen & Sherle to
Host Webinar on MiCA-Free Crypto Strategies for 2025