The EU's MiCA transition period ends in July 2026, and 75% of crypto platforms may lose their operating rights.

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The MiCA (EU Markets in Crypto-Assets Regulation) transition period ends on July 1, 2026. As of May 2026, only 194 crypto firms in the EU hold official licenses, compared to over 3,000 registered in 2024. Approximately 75% of platforms may lose their operating rights. Unlicensed operators must shut down, transfer users, or exit the market. The AMF warned that violations of CFT (Countering the Financing of Terrorism) regulations could result in up to two years in prison and a €30,000 fine. Users may face deposit limits and mandatory withdrawals.

Odaily Planet Daily reports: The transitional grace period for the EU’s crypto regulation, 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.

The French regulatory authority, AMF, warns that operating without a license can result in up to two years in prison and a €30,000 fine. Users whose platforms have not obtained a MiCA license may face restrictions such as inability to deposit funds or being required to withdraw their assets. (Cryptoslate)

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