The deadline in July 2026 is approaching; 75% of the old platforms will exit, and the European crypto market is about to change.

CoinJie.com News reports that, according to Cryptoslate, the transition period for the EU MICA regulation will end on July 1, 2026. As of May 2026, only 194 crypto companies in the EU have obtained licenses, while more than 3,000 crypto businesses registered in 2024—about 75% of older platforms—are expected to lose their operating eligibility after the grace period ends. Platforms that have not been granted licenses must shut down, transfer users, or withdraw from the European market before the deadline. The French regulator, AMF, warns that unlicensed operations face up to 2 years in prison and a fine of 30,000 euros. If a platform does not have a MICA license, users will face an inability to deposit or may be required to withdraw funds.