Another crypto exchange winds down services to Europe

The European Union’s MiCA regulation is effectively killing the free crypto market, with a staggering 93% of firms failing to meet the new standards. Bybit is the latest giant to restrict services, following Binance’s retreat after failing to secure licenses. While some claim this protects users, it’s actually creating a closed ecosystem where only a handful of "approved" players survive. Is this necessary consumer protection, or is Europe over-regulating itself into irrelevance?
This summary was generated by AI