European crypto users have ‘more faith’ in regulated firms under MiCA: Bitpanda co-CEO
Summary
European crypto users are increasingly trusting regulated platforms after the EU’s MiCA rules took effect, according to Bitpanda co-CEO Christian Trummer. He said most users prefer licensed providers over self-custody and private-key management, despite online crypto culture often emphasizing the opposite. Trummer also argued that MiCA needs stricter enforcement because some firms still serve EU customers without complying, creating an uneven playing field for regulated companies. MiCA’s transition period has ended, and ESMA has urged national regulators to act against unauthorized providers and push for stronger supervisory powers over noncompliant and third-country firms targeting EU investors.
