As MiCA beds in and the U.K. finalizes its crypto framework, stringent regulation could spur mergers, acquisitions and closer ties with banks. Europe's MiCA regime advanced crypto regulatory efforts beyond licensing toward whether smaller crypto firms can sustain the cost of long-term regulatory compliance. Lawyers say the U.K.'s proposed framework could prove just as demanding as MiCA by integrating crypto firms into existing financial services regulation rather than creating a stand…
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