EU’s ‘Regulatory Own Goal’? Why a MiCA–PSD2 Clash Could Force Dual Licences by March 2026 — Threatening Europe’s Crypto Competitiveness
The story so far: two rulebooks, one activity MiCA (Markets in Crypto‑Assets) has applied in phases: the stablecoin titles — ARTs and EMTs — have applied since 30 June 2024; the CASP authorisation regime and most of the rest since 30 December 2024. Only credit/e‑money institutions