{"id":31892,"date":"2026-06-15T04:46:28","date_gmt":"2026-06-15T04:46:28","guid":{"rendered":"https:\/\/bitunikey.com\/news\/mica-deadline-75-of-eu-crypto-firms-may-lose-licenses-on-july-1\/"},"modified":"2026-06-15T04:46:34","modified_gmt":"2026-06-15T04:46:34","slug":"mica-deadline-75-of-eu-crypto-firms-may-lose-licenses-on-july-1","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/mica-deadline-75-of-eu-crypto-firms-may-lose-licenses-on-july-1\/","title":{"rendered":"MiCA deadline: 75% of EU crypto firms may lose licenses on July 1"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The European Union\u2019s MiCA transition period ends on July 1, 2026, creating a hard stop for crypto exchanges, brokers and wallet providers that still lack approval.\u00a0<\/p>\n<div id=\"cn-block-summary-block_1072a14c39e0e191c9529e18e3574c55\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>MiCA\u2019s July 1 deadline could cut off unlicensed platforms from serving crypto users across Europe.<\/li>\n<li>Only a small licensed group may remain as thousands of EU crypto firms lose eligibility.<\/li>\n<li>Users may need to withdraw assets, reverify accounts, or move funds to approved platforms quickly.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>After that date, firms without a MiCA license will no longer be allowed to serve EU customers.<\/p>\n<p>ESMA <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.esma.europa.eu\/sites\/default\/files\/2026-04\/ESMA75-113276571-1679_Statement_on_the_end_of_transitional_periods_under_MiCA.pdf\" target=\"_blank\" rel=\"nofollow\">said<\/a> entities providing crypto-asset services to EU clients without a MiCA license after the deadline will breach EU law and must stop. It also expects unapproved providers to have \u201corderly wind-down plans\u201d and help clients transfer crypto to an authorized provider or self-hosted wallet.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Most older firms may lose eligibility<\/strong><\/h2>\n<p>The gap between old registrations and new licenses remains wide. Hogan Lovells <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.hoganlovells.com\/en\/publications\/as-micas-transitional-periods-expires-europes-crypto-market-faces-a-reckoning\" target=\"_blank\" rel=\"nofollow\">said<\/a> Europe had more than 3,000 virtual asset service providers in 2024, but only 194 authorized crypto-asset service providers in May 2026, including credit institutions.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">MiCA Transition Ends on July 1: Approximately 75% of EU Crypto Companies May Lose License<\/p>\n<p>The EU\u2019s MiCA transition period will end on July 1, after which crypto exchanges, brokers and wallet service providers without a MiCA license will no longer be able to serve EU users.<\/p>\n<p>As\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/WLR9qozwZ2\">pic.twitter.com\/WLR9qozwZ2<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/WuBlockchain\/status\/2066356380236382463?ref_src=twsrc%5Etfw\">June 15, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The law firm expects around 75% of the pre-MiCA provider base to lose registration status as transition periods expire. Recently, crypto.news reported that an ESMA register snapshot showed 204 authorized providers as of May 22, 2026, showing that approvals are still moving but remain limited.<\/p>\n<p>MiCA also uses passporting. A company licensed by one national regulator can notify other authorities and serve clients across all 27 EU member states. That system puts national approval speed and review quality at the center of the July transition.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Regulators prepare enforcement<\/strong><\/h2>\n<p>France has made one of the clearest warnings. The AMF <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.amf-france.org\/en\/news-publications\/news\/amf-reminds-digital-asset-service-providers-transitional-period-allowing-them-continue-providing\" target=\"_blank\" rel=\"nofollow\">said<\/a> only authorized crypto-asset service providers can serve French clients from July 1. Providers that continue without approval face a two-year prison sentence and a \u20ac30,000 fine under French rules.<\/p>\n<p>The AMF also said it can publish blacklists, warn the public and seek court action to block websites. Reuters <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/crypto-companies-without-eu-licences-face-prosecution-french-regulator-warns-2026-05-28\/\" target=\"_blank\" rel=\"nofollow\">reported<\/a> that AMF president Marie-Anne Barbat-Layani told reporters it was \u201cvery, very urgent\u201d for firms to complete license applications.<\/p>\n<p>National rollout remains uneven. As previously reported, Poland\u2019s president stalled a MiCA-aligned crypto bill despite the EU deadline, while Italy set an earlier local deadline for registered providers to seek approval or wind down.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Users face account transfers and withdrawals<\/strong><\/h2>\n<p>The deadline will not affect every user in the same way. Accounts at licensed exchanges should continue operating. Users on platforms that move business to an approved European arm may need to accept new terms, verify identity again, or confirm which legal entity holds their account.<\/p>\n<p>Unlicensed providers will need to stop taking new deposits and guide clients to withdraw assets, sell positions, or move funds to licensed firms or self-custody wallets. ESMA warned that MiCA protections apply only to the authorized EU entity, not necessarily to other companies using the same brand.<\/p>\n<p>Moreover, as previously reported by crypto.news, an OKX Europe analysis found that 60% of European crypto users still use exchanges without MiCA authorization. The same analysis said 7.6 million of 18.5 million exchange app downloads in Europe from May 2025 to May 2026 went to platforms without a valid license.<\/p>\n<p>The July deadline will test whether MiCA delivers a single EU crypto market or a stricter system split by national approval speed. For users, the next step is practical: check the ESMA Interim MiCA Register, read platform notices, and move assets before access changes.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Union\u2019s MiCA transition period ends on July 1, 2026, creating a hard stop for crypto exchanges, brokers and wallet providers that still lack approval.\u00a0 Summary MiCA\u2019s July 1&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=31892"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31892\/revisions"}],"predecessor-version":[{"id":31893,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31892\/revisions\/31893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/31632"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=31892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=31892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=31892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}