Wu Blockchain has learned that the European Banking Authority (EBA) recently released a report warning that during the transition period of the EU's Markets in Crypto-Assets Regulation (MiCA), some crypto service providers approved before the regulation takes effect may exploit regulatory loopholes or engage in 'jurisdictional arbitrage' to evade scrutiny. The EBA pointed out that these entities might register in member states with more lenient regulations and then use EU passporting rights to offer services across the region, leading to risks such as governance opacity and complex fund flows. Such practices could undermine the integrity of the EU financial system and create vulnerabilities for money laundering and illicit fund transfers. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=50130