[📉 Impact of MiCA Regulation: Dutch Exchange Knaken Declares Bankruptcy] Shortly after the full implementation of the EU’s crypto regulation MiCA, the Dutch crypto platform Knaken was declared bankrupt by a court. Approximately €7 million ($8 million) in customer funds have been confirmed lost, leaving around 30,000 investors unable to access their assets. While this incident has created short-term market unease, we believe it presents a long-term positive development for Ethereum (ETH). MiCA effectively eliminates unlicensed platforms and redirects funds toward compliant, legitimate exchanges. Major exchanges have already secured MiCA licenses and are operating stably. Ultimately, stronger regulation enhances transparency and trust in the crypto market, fostering institutional investment and expanding Ethereum’s real-world utility. #MiCA #Knaken #Ethereum #CryptoNews #Cryptocurrency