Crypto World News reports that the EU's MICA transition period will end on July 1, 2026, and entities that have not yet obtained approval, including crypto exchanges, brokers, and wallets. The European Securities and Markets Authority (ESMA) states that entities without a MICA license will be in violation of EU law and must cease operations. It is estimated that about 75% of service providers before the MICA transition period will lose their registration eligibility. According to Hogan Lovells, there were over 3,000 virtual asset service providers in Europe in 2024, but by May 2026, only 194 had obtained authorization. The French Financial Markets Authority (AMF) warns that only authorized crypto asset services are permitted, and unapproved providers face up to two years in prison and a €30k fine.

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GasFeesWithAPomeloFlavor
· 2h ago
From 3000 to 194, the elimination rate is even more brutal than a bear market.
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GateUser-f4fbd803
· 2h ago
75% are out, this reshuffling is even more intense than the DeFi summer.
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BorrowingBuddy
· 2h ago
Two years in prison + €30k fine, how many small teams are deterred by this compliance cost
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RugPullEnjoyer
· 2h ago
194 survive, more than 3,000 are wiped out—Europe’s crypto startup entry barrier is turned up to the max
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VinylRecordStaking
· 2h ago
France's AMF takes strong action, directly imposing criminal liability without authorization
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RiskParachute
· 2h ago
MiCA transition period countdown—if you don’t have a license, hurry and find a compliant party to take over your trading gains.
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