83% of EU Crypto Firms at Risk of Losing License as MiCA Deadline Looms on July 1

According to Bitcoin.com News, only about 210 of 1,200-plus virtual asset service providers have converted to full MiCA licensing ahead of the July 1, 2026 deadline, leaving approximately 83% of EU crypto firms at risk of losing operational authorization. After the transitional period expires, any exchange, broker or wallet provider operating without a Markets in Crypto-Assets (MiCA) license will no longer be permitted to serve users in the EU.

The European Securities and Markets Authority confirmed on April 17 that pending applications offer no protection beyond the deadline, closing a potential loophole for firms seeking additional time. Operators must either hold a full CASP license by July 1 or cease serving EU clients, with no grace period for applications still under review.