At the moment, there is trialogue Crypto Assets Markets(MiCA and Transfer Of Funds) The development of regulations is ongoingThe European Commission, European Parliament, and Council of Ministers will close in a couple of weeks.

Experts predict that the TFR will impose an arbitrary tax if it is adopted. vast financial surveillance regimeOn the European Decentralized Finance (DeFi), non-fungible tokenNFTMetaverse and oblique spaces. Companies in these sectors could be able to move elsewhere to avoid regulatory compliance.