The startup killer: Ledger CTO says the EU’s crushing compliance costs are choking Web3 innovation
The European Union’s (EU) regulatory framework has redefined the competitive landscape of Web3, unintentionally shifting the advantage away from crypto startups, directly into the hands of legacy financial institutions, according to Charles Guillemet, chief technology officer (CTO) at wallet maker Ledger. While the EU’s Markets in Crypto-Assets (MiCA) regulation was designed to establish a unified,...
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