Bybit CEO Highlights Regulatory Gaps in Europe's MiCA Framework
In an interview with CoinDesk, Bybit's CEO Ben Zhou emphasizes that the MiCA license alone isn't sufficient for crypto firms to achieve profitability in Europe, pointing out the need for additional authorizations like MiFID II and EMI. He warns that many smaller companies may struggle to survive as the MiCA grandfathering period ends, leading to industry consolidation.
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Ben Zhou, CEO of Bybit, recently stated that merely obtaining a MiCA license does not ensure profitability for crypto firms operating in Europe. During his interview, he noted that companies also require MiFID II and Electronic Money Institution (EMI) licenses to engage in profitable derivatives trading.
Zhou explained that while MiCA allows for limited fiat-to-crypto and crypto-to-crypto exchanges, it does not encompass the full array of products essential for generating profit. This regulatory gap is particularly concerning as small to mid-sized firms face growing pressure with the upcoming end of the MiCA grandfathering period in July.
With many smaller crypto companies expected to cease operations after the deadline, Zhou anticipates significant market consolidation. He stressed the importance of robust compliance measures and a strategic approach to navigating the complex regulatory landscape in Europe.
Summary based on original reporting by Ian Allison at CoinDesk, originally published Apr 26, 2026. SolanaWire does not republish source content.
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