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Europe Crypto Report 2025
6 Key Takeaways VASPs:
1. Based on the ESMAs grandfathering period, 75% of Europe’s 3,165+ VASPs will lose registration by June 2025.
2. MiCA Slowdown: Only 12 CASPs and 10 EMTs are currently licensed under MiCA now
3. Compliance Cost: Minimum licensing and compliance costs have soared 6x (from ~€10K to €60K), forcing many startups to relocate or shut down.
4. Debanking: Only 14% of crypto startups successfully opened bank accounts without later closures.
5. Jobs: In 2022, Europe boasted over 100,000 jobs mentioning blockchain; today, that figure is 90% lower, at around 10,000 jobs.
6. User Adoption: The U.S. and Asia sustain higher adoption of Bitcoin, stablecoin, and DeFi, alongside more supportive regulations, attracting both investment and entrepreneurs.
