Registrations fall short of fully fledged licences to operate as a regulated financial company. But the dash to scoop them up is important because it shows how crypto companies are jostling to set up shop in the EU before sweeping rules, known as Regulation on Markets in Crypto-assets (Mica), come into effect. Earlier this month EU member states and the European parliament provisionally outlined rules that would mean crypto services providers would need an authorisation from one national authority to offer services across the EU. It’s not just crypto companies that are trying to get an edge before Mica is approved.

https://www.ft.com/content/d2f24d49-cd22-41e9-8861-b81ddded8dbc