Crypto firms such as Binance, Kraken, and Robinhood have not yet secured MiCA licenses, though many are in the application process

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While a few major crypto companies already have MiCA licenses, others, such as Binance, Kraken, Robinhood, and Tether, are currently not licensed in the region. Although most of them have started the application process, there is a risk that some of these companies may not operate in Europe