The startup killer: Ledger CTO says the EU's crushing compliance costs are choking Web3 innovation (opens original article in a new tab)

Ledger's CTO claims the EU's MiCA regulation is creating high compliance costs that hinder Web3 innovation, favoring large institutions over startups.

• MiCA's compliance costs range from 50,000 to 150,000 euros for crypto companies.
• Ledger's CTO argues high costs prevent smaller startups from entering the EU market.
• Traditional banks are increasingly adopting blockchain, relying on crypto security firms like Ledger.