EU-Based Crypto Startups Receive a Boost in VC Funding Due to MiCA’s Impact

The European crypto market has seen an increase in venture capital (VC) funding over the past few months, following the introduction of the Markets in Crypto Assets (MiCA) regulatory framework earlier this year, which is set to become law in July. MiCA aims to regulate crypto assets and those engaged in transactions, making it the first major step towards regulating the industry. VC investment into European crypto projects has risen almost 10x in the past year, from a share of 5.9% in Q1 2022 to 47.6% in Q2 2023. London-based crypto startups have seen particular success in securing VC funding, while Zurich and Berlin are other strong hubs. VC funding for crypto startups in Europe totaled $5.7bn last year, according to a study from Romanian investment firm Rockaway. While the new clarity from regulation has helped Europe, VC funding for startups has taken an 82% tumble in the first quarter of 2023. Several executives in the crypto space have praised regulation for bringing clarity to the market, while allowing for more investment and involvement from entrepreneurs around the world.

Read the complete article

(Visited 9 times, 1 visits today)

About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

You Might Be Interested In


Your email address will not be published. Required fields are marked *

This is default text for notification bar