The European Securities and Markets Authority (ESMA) stated that the EU MiCA transition period will end on July 1, and crypto asset service providers that are not authorized under MiCA are not allowed to continue serving EU clients, even if their applications are still under review. The French Financial Markets Authority (AMF) said that unlicensed services constitute a criminal offense; the German Federal Financial Supervisory Authority (BaFin) requires relevant service providers to obtain authorization before June 30. (Cointelegraph)

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