The European cryptocurrency market is shifting to the United States

December 28. /MEDIA TALK/. The strategy of the elected head of the White House, Donald Trump, regarding digital assets is able to stimulate the cryptocurrency enterprises of the European Union to move their activities to the United States. The Financial Times writes about this with reference to experts of the crypto market. As the newspaper notes, European laws in the field of cryptocurrencies can have a negative impact on startups in this area, putting their activities on the brink of survival, which will lead to the withdrawal of funds to the United States.


Photo: ru.freepik.com

The European Union has previously established new standards in the field of control over the markets of crypto assets (MiCA), requiring all providers of stablecoins, cryptocurrencies linked to real assets, to have a business license. The new rules include a number of other restrictions that will come into force on December 30, 2024. Binance, the world's leading cryptocurrency exchange, announced its intention to refocus its work on the United States after Trump announced plans to turn the country into the "capital of cryptocurrencies."

We recently talked about the fact that in Russia, starting from the new year, income from cryptocurrencies will be taxed.