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EU MiCA Transition Period Ends July 1; 75% of Crypto Platforms Face Shutdown

GateNews
Regulation & PolicyEnforcement Actions

According to CryptoSlate, the European Union's MiCA cryptocurrency regulation transition period ends on July 1, 2026. As of May 2026, only 194 crypto companies hold formal licenses, compared to over 3,000 registered firms in 2024, leaving approximately 75% of existing platforms at risk of losing operating rights after the deadline.

Unlicensed platforms must cease operations, transfer users to licensed platforms, or exit the European market by the deadline. Users on platforms that fail to obtain MiCA licenses will face restricted deposits and withdrawal requirements.

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