The EU MiCA Transition Period Will End on July 1st, Unlicensed Crypto Companies Must Cease Serving EU Customers

BlockBeats News, June 3rd, the European Union's "Markets in Crypto-Assets Regulation" (MiCA) transitional period will end on July 1, 2026. The European Securities and Markets Authority (ESMA) stated that crypto-asset service providers who are not MiCA-authorized by then, even if their applications are still under review, must not continue to serve EU customers. They are required to initiate business closure and customer transition arrangements.

The French regulatory authority, AMF, stated that providing unauthorized services may constitute a criminal offense; Germany has demanded that relevant entities complete the authorization process by June 30th at the latest. A significant proportion of users in Europe are still using platforms not authorized under MiCA.