Utorg recently obtained EU MiCA license plates. At the same time, the compliance deadline of 1 July is reshaping the European encryption market, with some enterprises that have not completed compliance arrangements beginning to withdraw from local operations.
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Utorg became one of the latest encryption companies to complete the MICA compliance registration. The licence means that the company can continue its business under the EU framework.
Increased fragmentation of the industry
As deadlines approached, the European market ' s access threshold increased markedly. Companies able to complete the compliance process in a timely manner remain on the ground, while non-compliant agencies face contraction or exit.
Changes in European markets
MiCA is moving the European encryption industry towards a more uniform regulatory environment. For trading platforms and service providers, licensing has become a key condition for market entry.