The EU Single Market is an economic area comprising the 27 member states of the European Union, along with Iceland, Liechtenstein, and Norway. It ensures the free movement of goods, services, capital, and people across its borders. This integrated market aims to foster competition, increase efficiency, and provide greater consumer choice. It represents a significant economic bloc with harmonized regulations.
Context
The EU Single Market provides the regulatory landscape for digital asset operations within Europe, particularly with the advent of MiCA. Firms operating across member states benefit from unified rules, reducing fragmentation. A key discussion involves how national regulators apply EU-wide crypto legislation consistently. Future developments will focus on strengthening the single market principles for digital financial services, ensuring a level playing field for crypto-asset service providers.
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