Huo Xing Finance reports, according to CryptoSlate, the transitional grace period for the EU’s crypto regulatory framework, MiCA, will officially end on July 1, 2026. As of May 2026, only 194 crypto companies across the EU have obtained official licenses, while over 3,000 crypto businesses were registered in 2024; approximately 75% of existing platforms are expected to lose their operating eligibility after the grace period ends. Unlicensed platforms must orderly shut down, transfer users to licensed platforms, or fully exit the European market before the deadline. France’s financial regulator, AMF, has taken the toughest stance, explicitly warning that operating without a license could result in up to two years in prison and a €30,000 fine. For ordinary users, if their platform fails to obtain a MiCA license, they may face restrictions such as inability to deposit funds or being required to withdraw their assets.
EU MiCA grace period ends July 1, 2026; 75% of crypto platforms at risk of closure
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Summary
The EU’s MiCA (Markets in Crypto-Assets Regulation) grace period ends on July 1, 2026. As of May 2026, only 194 crypto firms in the EU hold licenses, compared to over 3,000 registered in 2024. Approximately 75% of platforms face closure. Unlicensed operators must shut down, transfer users, or exit the market. France’s AMF warns of up to two years in prison and fines of €30,000 for non-compliance. MiCA also enhances CFT (Countering the Financing of Terrorism) requirements. Users on non-compliant platforms may experience deposit freezes and mandatory withdrawals.
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