In europe there are lot of compliance issues due to it being a union. And the amount of the compliance it has go through makes any business super squeezed. And once it releases to public it can be said that it would atleast be functional. And this applies to banking compliance a lot. Where the crypto asset provisions make the investment into banks lot easier to access too. 

Recently Clear Bank has got the clearance from the MiCAR on the CASP status for the bank. Which would make them an exchange and the asset selling institution. 

There are two assets namely USDC and the EURC which would be the prime distributed in the process. And they are making sure that these two assets would be something that CASP providers through banks and the fund distribution would require clearance for. And that is where the clear bank has made it's mark. 

You can read more about the news from clear bank. 

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