Nearly 75% of crypto service providers risk losing EU market access as the MiCA transition period expires on July 1.
The European Union’s Markets in Crypto-Assets (MiCA) regulation will enforce full compliance on July 1, requiring crypto exchanges, brokers, and wallet providers to hold a license or cease operations. Only 194 firms had secured licenses by May 2026, a fraction of the over 3,000 registered in 2024.
Unlicensed platforms must halt new deposits and assist users in withdrawing or transferring assets to licensed entities. Regulators may also implement website blocks or public warnings to enforce compliance. The rule aims to standardize crypto oversight across the EU.
The deadline marks a significant shift in the region’s crypto regulatory landscape, potentially reducing market participants by three-quarters.