Crypto media outlets targeting European readers in German, French, Dutch, or Spanish were affected by MiCA enforcement even if the publishers were based outside the EU.

Quotes that support claims

Even those operating outside the EU felt the shockwaves of MiCA’s enforcement, compounded by the overall market downturn amid a global geopolitical escalation.

Sites outside the EU weren’t safe either if their content targeted Europe in German, French, Dutch, or Spanish. The traffic drops weren’t just algorithmic