Bybit CEO: MiCA License Alone Insufficient for Profitability in Europe
Acquiring a Markets in Crypto Assets license is a crucial step for operating in Europe, but it does not guarantee profitability, according to Bybit CEO Ben Zhou. The MiCA license has limitations, as it does not cover derivatives and tokenized assets, which are essential for a company to be profitable. To overcome these limitations, companies need to obtain additional licenses, such as MiFID II an…
