Less than 10 percent of crypto firms that were operating in the European Union (EU) up until new rules came in on July 1 have been authorized to continue. The restโ€”an estimated 3,000โ€”are supposed to cease servicing EU clients from within the single market with immediate effect.

Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...