Fidelity plans to enter European crypto market after MiCA takes effect

A Fidelity Investments executive stated that the company plans to enter the European cryptocurrency market after the EU's MiCA digital asset law goes into effect in 2024. Manuel Nordeste, the Vice President of Fidelity Digital Assets, stated in an interview, "We do have plans to enter the EU after MiCA goes into effect and are actively exploring the best setup to achieve this goal. We believe that MiCA is a positive development, providing a framework for institutions and service providers to take responsible measures and offering investors an opportunity to enter this asset class in a well-regulated manner."