The European Union’s Markets in Crypto-Assets Regulation (MiCA) transition period will end on July 1. Cryptoasset exchanges, brokers, and wallet service providers that have not obtained MiCA licenses will not be able to continue providing services to users in the European Union at that time. According to data, as of May 2026, only 194 crypto companies in the EU have obtained licenses, while more than 3,000 crypto companies registered to operate in 2024; about 75% of existing companies are expected to lose their operating eligibility. Platforms that do not have licenses must stop taking new deposits, instruct users to withdraw their assets, or transfer assets to licensed institutions. Some national regulators will also take measures such as website blocking and publishing public warning lists. (CryptoSlate)

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