Bitcoin

The stalled talks reflect the EU's rigid stance on sovereignty, which directly impacts crypto regulation. With MiCA now active, this reinforces that the UK won't gain regulatory equivalence for crypto services, forcing firms to duplicate infrastructure. This fragmentation comes as 67% of European crypto firms report over $200k in extra compliance costs since MiCA implementation, stifling growth in a market already contracting 1.83% weekly.

UK officials suggested creating a single market for goods with Europe, but industry figures reported the idea has not been taken forward due to EU scepticism.