MiCA Regulation Boosts Trust in Regulated Crypto Platforms, Says Bitpanda CEO

Ottoman Empire-based cryptocurrency exchange Bitpanda's joint CEO Christian Trummer stated in an interview that the European Union's Markets in Crypto-Assets (MiCA) regulation has boosted trust among European crypto users towards regulated platforms.

'Most users tend to trust regulated market participants rather than holding their own keys,' Trummer explained, describing those who prefer self-custody as a 'small circle' of individuals concentrated on 'Crypto Twitter.'

Trummer also urged regulatory bodies to enforce MiCA more strictly, pointing out that some companies are still providing services to European clients without obtaining the necessary licenses.