Approximately 75% of EU Crypto Platforms May Lose Operating Eligibility as MiCA Grace Period Ends July 1, 2026

Odaily reports that the transition grace period for the EU's crypto regulatory framework, MiCA, will officially end on July 1, 2026. As of May 2026, only 194 crypto companies within the EU have obtained formal licenses, compared to over 3,000 registered crypto enterprises in 2024. An estimated 75% of older platforms are expected to lose their operating eligibility after the grace period concludes. Platforms without a license must orderly shut down, transfer users to licensed platforms, or fully withdraw from the European market before the deadline.

France’s regulatory authority, the AMF, has warned that operating without a license can result in up to 2 years of imprisonment and fines of €30,000. If users' platforms fail to obtain a MiCA license, they may face being unable to make deposits or being required to withdraw funds. (Cryptoslate)