EU Regulators Show Concerns Over Increasing MiCA Approvals in Malta

EU officials are growing concerned that Malta is developing a lax reputation for MiCA licensing, attracting crypto firms to the island. Nonetheless, Germany still leads the EU in MiCA license applications. There are no specific allegations that the country is flouting the law, but officials worry about possible negligence. Still, the EU needs to remain an attractive destination or risk getting abandoned by the crypto industry source: https://beincrypto.com/malta-mica-eu-lax-standards-crypto-license/