The MiCA grace period expires on July 1st, and approximately 75% of crypto platforms in the EU may face shutdown.

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Deep Tide TechFlow news: On June 15, CryptoSlate reported that the transitional grace period for the EU crypto regulatory framework MiCA will officially end on July 1, 2026. As of May 2026, only 194 crypto companies across the European Union have obtained formal licenses, while more than 3,000 crypto enterprises registered in 2024 exist—about 75% of older platforms are expected to lose their operating qualifications after the grace period ends.

Platforms that do not have licenses must shut down in an orderly manner before the deadline, transfer users to licensed platforms, or fully exit the European market. France’s regulator, the AMF, has taken the firmest stance, explicitly warning that unlicensed operations may face up to 2 years’ imprisonment and a fine of 30,000 euros. For ordinary users, if the platform they use fails to obtain a MiCA license, they may encounter situations such as being unable to deposit funds and being required to withdraw their funds.

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