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via CoinDesk · By CoinDesk Staff
The startup killer: Ledger CTO says the EU's crushing compliance costs are choking Web3 innovation
CS
CoinDesk Staff(03:38 PM UTC)
1 min read
Industry insiders warn that MiCA's steep financial barriers are choking early-stage 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…
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